4.14 SR 06-17-2024City of
Elk -
River
To
City Council
Meeting Date
June 17, 2024
Item Description
Extend Land Use Approvals: Plat and Conditional
Use Permit (PUD) - Broadway on 10 Apartment
Project
Request for Action
Item Number
4.14
Prepared By
Zack Carlton, Community Development Director
Reviewed by
Zack Carlton
Cal Portner
Tina Allard
Action Requested
Approve, by motion, a one-year extension of the date to record the plat and PUD agreement (P 21-05 and
CU 21-10) and begin construction of the proposed multifamily development. If Approved, the new date for
expiration of approvals will be July 6, 2025.
Background/Discussion
On July 6, 2021, the City Council approved the preliminary plat and PUD for the Broadway on 10
development projects. The approval is good for two years from the date of Council action. Due to the
market conditions since the original approval, the developer had submitted a written request for a one-year
extension in 2023, which was granted by the City Council on June 20, 2023.
The developer has continued to market the project and has been working with partners to bring the project
forward. However, due to the timing of the negotiations and continued market uncertainty, the applicant has
requested an additional one-year extension. The City Council has traditionally granted extension requests and
allowed the developer to move forward with their project under the original approved conditions and
standards. The developer would now have until July 6, 2025, to begin their project.
Staff recommends granting this request but would not support any additional extensions to previous
approvals.
Financial Impact
None
Mission/Policy/Goal
Meet changing needs - agile.
Support the growth and development of the community.
Attachments
Applicant's Extension Request
The Elk River Vision
A avelcoming community zvitb revolutionary and spirited resourcefulness, exceptional service, and community p p W E H E 0 A T
engagement that encourages and inspires prosperity INM 372
Broadway Investors / Elk River
David Lundy <dlundyjr@gmail.com>
Tue 6/11/2024 1:54 PM
To:Zachary Carlton <zcarlton@ElkRiverMN.gov>
Cc:Erik Winegarden <erik@teamwinegarden.com>
Good afternoon Zach,
I would like to request an extension on the approval of our Elk
River apartment project.
Please let me know what I can provide you to assist.
Thanks,
Dave
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