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7.4. EDSR 12-18-2023 Request for Action To Item Number Economic Development Authority 7.4 Agenda Section Meeting Date Prepared by General Business December 18, 2023 Brent O’Neil, Economic Development Director Item Description Reviewed by Update on 170th Avenue Property Sale Cal Portner, City Administrator Reviewed by Action Requested Item presented for information and discussion purposes. Background/Discussion th The sale of the property at 10835 170 Avenue to Thunderstruck Exteriors continues to move forward. However, the closing has been extended as the buyer determines the best design options for site access and vehicular circulation throughout the property. Financial Impact N/A Mission/Policy/Goal Attract new business development to Elk River to build the city’s economic vibrancy, job offerings and tax base. Attachments  Property Map The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023 XXXXXX