RES 00-01 THE ECONOMIC DEVELOPMENT AUTHORITY OF
THE CITY OF ELK RIVER, MINNESOTA
• RESOLUTION#00 - 01
RESOLUTION RECOMMENDING THAT THE CITY COUNCIL OF THE CITY
OF ELK RIVER CALL FOR A PUBLIC HEARING ON THE ADOPTION OF A
MODIFICATION TO DEVELOPMENT DISTRICT NO. 1 AND THE
ESTABLISHMENT OF TAX INCREMENT FINANCING PLANS FOR TAX
INCREMENT FINANCING DISTRICTS NO. 21
BE IT RESOLVED, by the Economic Development Authority of the City of Elk River, Minnesota(the
"EDA") as follows:
WHEREAS, the City Council ("the Council") of the City of Elk River, Minnesota (the "City")
established Development District No. 1 pursuant to Minnesota Statutes, Sections 469.090 through 469.1081
and 469.011 through 469.047, inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
WHEREAS, the City is proposing the Modification of Development District No. 1 and the
establishment of Tax Increment Financing Plans for Tax Increment Financing District No. 21, pursuant to
and in accordance with Minnesota Statutes, Sections 469.090 through 469.1081 and 469.011 through
469.047 and Sections 469.174 through 469.179, inclusive, as amended;
NOW, THEREFORE BE IT RESOLVED by the EDA as follows:
• 1. The EDA hereby recommends that the Elk River City Council call for a public hearing on August 21,
2000 to consider the proposed adoption of the Modification to the Development District No. 1 and the
proposed adoption of the Tax Increment Financing Plans for Tax Increment Financing District No. 21
and cause notice of said public hearing to be given as required by law.
2. The EDA directs the Executive Director to transmit copies of the Modification to the Planning
Commission of the City and requests the Planning Commission's written opinion indicating whether the
proposed Modifications are in accordance with the Comprehensive Plan of the City,prior to the date of
the public hearing.
3. The Executive Director of the EDA is hereby directed to submit a copy of the Modifications to the
Council for its approval.
4. The EDA directs the Executive Director to transmit the Modifications to the county and the school
district(s) in which Tax Increment Financing District No. 21 is proposed to be established no later than
July 19, 2000.
Approved by the EDA July 10, 2000.
President, Pat Dwyer
ATTEST:
yesid
• Catherine Mehelich,Executive Director
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