3.4. SR 10-20-1997/ of
**ITEM 3.4. **
MEMORANDUM
iver
7~FROM:
DATE:
SUBJECT:
Mayor & City Council
Paul T. Steinman, Director of Economic
Development
October 14, 1997
Public Hearing for TIF District No. 17
Issue
The purpose of this agenda item is to set in motion a schedule for the
establishment of Tax Increment Financing District No. 17. This issue has
come before the Economic Development Authority and a motion has been
unanimously supported asking that the City Council call for a public hearing
to be held on February 17, 1998, at 6 p.m., for the establishment of Tax
Increment Financing District No. 17.
A tax increment application has been received from Dave Decker in the
amount of $160,000, to be used to complete a light industrial/manufacturing,
multi tenant building on east Highway 10. The building is described as
having an initial phase of 25,000 square feet with the potential of adding an
additional 45,000 square feet in phase two. Mr. Decker's tax increment
application will be discussed in detail at the November EDA meeting.
Recommendation
Staff recommends that Resolution 97- __ be approved calling for a public
hearing to be held on February 17, 1998, at approximately 6 p.m., for the
establishment of Tax Increment Financing District No. 17.
13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425
RESOLUTION 97 -
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION CALLING FOR A PUBLIC HEARING
BY THE CITY COUNCIL ON THE MODIFICATION OF
DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX
INCREMENT FINANCING DISTRICT NO. 17
BE IT RESOLVED by the City Council (the "Council") for the City of Elk River,
Minnesota (the "City"), as follows:
Section 1. Public Hearing. This Council shall meet on Monday, February 16,
1998, at approximately 6 p.m., to hold a public hearing on the proposed
modification of Development District No. I and the proposed establishment
of Tax Increment Financing District No. 17 (an Economic Development Tax
Increment Financing District), all pursuant to and in accordance with
Minnesota Statutes, Sections 469.090 through 469.1081, inclusive, as
amended, and Minnesota Statutes, Section 469.174 through 469.179,
inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and,
Section 2. Notice of Public Hearing, Filing of Program and Plan. Staff is
authorized and directed to prepare the Development Program and the Tax
Increment Financing Plan (the "Program and Plan") and to forward
documents to the appropriate taxing jurisdictions including Sherburne
County and Independent School District No. 728. The City Administrator is
authorized and directed to cause notice of the hearing, together with an
appropriate map as required by law, to be published at least once in the
official newspaper of the City not later than ten nor more than 30 days prior
to February 16, 1998, and to place a copy of the Program and Plan on file in
the City Administrator's office at City Hall and to make such copy available
for inspection by the public.
Passed and adopted by the City Council of the City of Elk River this 20th day of
October, 1997.
ATTEST:
Henry A. Duitsman, Mayor
Sandra A. Thackeray, City Clerk
THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY AND
THE ELK RIVER CITY COUNCIL
FOR THE
MODIFICATION OF DEVELOPMENT DISTRICT NO. 1 AND
ESTABLISHMENT OF TAX INCREMENT DISTRICT NO. 17 (Dave Decker)
(an economic development district)
Schedule
October 14, 1997
EDA requests City Council to call for a public hearing to be
held on February 16, 1998 to establish Tax Increment
Financing District No. 17.
October 20, 1997
City Council calls for a public hearing to be held on
February 16, 1998 to establish Tax Increment Financing
District No. 17.
December 1,1997
Complete Plan.
December 8, 1997
EDA approves Plan. (Altemate: Jan. 12, 1998)
December 23, 1997
Planning Commission reviews Plan for compliance with
the comprehensive plan. (Alternate: Jan. 27, 1998)
January 5, 1998
Plan forwarded to School District and County Board (at
least 30 days prior to public hearing)
January 12, 1998
Send public hearing notice and map to local paper
January 21, 1998
February16,1998
February17,1998
Date of publication of hearing notice and map (at least 10
days but not more than 30 days prior to public hearing)
City Council holds public hearing on the establishment of
Tax Increment Financing District No. 17 and passes
resolution approving Plan.
Send Plan to County/State for certification
TI 17sch