RES 14-09 Ot;of
Elk -,-,
Wve Resolution No. 14- 09
Resolution Calling for a Public Hearing on a Modification to the
Development Program for Development District No. I, Establishment
of Tax Increment Financing District No. 24, and the Adoption of a Tax
Increment Financing Plan Therefor
BE IT RESOLVED by the City Council (the"Council") of the City of Elk River,Minnesota (the
"City"), as follows:
Section 1. Public Hearing. This Council shall meet on April 21,2014, at approximately 6:30
P.M., to hold a public hearing on a proposed modification to the Development Program for
Development District No. 1 (the"Modification"),the proposed establishment of the Tax Increment
Financing District No. 24 (a Housing District) (the"TIF District"),and the proposed adoption of a
Tax Increment Financing Plan for the TIF District (the"TIF Plan"),pursuant to Minnesota
Statutes,Sections 469.174 to 469.1794, as amended.
Section 2. Notice of Public Hearing.Filing of Plans. City staff and consultants are directed
and authorized to prepare the Modification and TIF Plan and to forward such documents to the
appropriate taxing jurisdictions,including Sherburne County and Independent School District No.
728 (Elk River). The City Clerk is authorized and directed to cause notice of the hearing in
substantially the form attached as Exhibit A hereto,together with an appropriate map as required by
law,to be published at least once in the official newspaper of the City not less than 10,nor more
than 30, days prior to April 21,2014,and to place a copy of the Modification and TIF Plan on file in
the City Clerk's office at City Hall and to make such copy available for inspection by the public.
Adopted: March 3,2014
4jj. D' tz,Ma r
ATTEST:
Tina Allard, City Clerk
MVR
EXHIBIT A
Notice of Public Hearing
NOTICE IS HEREBY GIVEN that the City Council of the City of Elk River,Sherburne
County, State of Minnesota,will hold a public hearing on April 21,2014,at approximately 6:30 P.M.
at the City Hall, 13065 Orono Parkway, Elk River,Minnesota,relating to (1) the proposed adoption
of a Modification to the Development Program for Development District No. 1 (the
"Modification"), (2) the proposed establishment of the Tax Increment Financing District No. 24 (a
Housing District)within Development District Project No. 1, and (3) the proposed adoption of a
Tax Increment Financing Plan(the"TIF Plan") therefor,pursuant to Minnesota Statutes, Sections
469.174 to 469.1794,as amended. Copies of the Modification and TIF Plan are on file and available
for public inspection at the office of the City Clerk at City Hall.
The property to be included in the Tax Increment Financing District No. 24 is located
within Development District No. 1 and the City of Elk River. A map of Development District No.
1 and Tax Increment Financing District No. 24 is set forth below. Subject to certain limitations,tax
increment from the Tax Increment Financing District No. 24 may be spent on eligible uses within
the boundaries of Development District No. 1.
Boundaries of Proposed Tax Increment Financing(Housing)District No.24
(Blackhawk Woods Proposed Senior Housing Project)
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18 75-72$ 194
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Parcel No.75-741-0182
ENV: $14,600
Deeded Acres: 5.20
Parcel No.75-753-0010
ENV: $24,500
Deeded Acres:3.32
Map of Development District No.1
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All interested persons may appear at the hearing and present their views orally or prior to the
meeting in writing.
BY ORDER OF THE CITY COUNCIL OF
THE CITY OF ELK RIVER,MINNESOTA
Tina Allard, City Clerk