RES 98-6 •
RESOLUTION 98 - 6
A RESOLUTION FOR THE ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF ELK RIVER
A RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF
ELK RIVER TO CALL FOR A PUBLIC HEARING ON THE MODIFICATION
OF
DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX
INCREMENT FINANCING DISTRICT NO. 21
BE IT RESOLVED by the Board of Commissioners (the "Board") of 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 Municipal Development District No. 1
pursuant to Minnesota Statutes, Sections 469.090 through 469.1081,
inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and,
WHEREAS, the EDA is proposing the modification of the Development Program
• for Municipal Development District No. 1 and the establishment of
Tax Increment Financing District No. 21, pursuant to and in
accordance with Minnesota Statutes, Sections 469.090 through
469.1081 and Sections 469.174 through 469.179, inclusive, as
amended.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
1. The EDA hereby requests that the Council call for a public hearing on
October 19, 1998, to consider the proposed adoption of the Modification to the
Development Program for Municipal Development District No. 1 and the
proposed adoption of the Tax Increment Financing Plan for Tax Increment
Financing District No. 21 (collectively, the "Program and Plan") 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 Program
and Plan to the Planning Commission of the City and requests the Planning
Commission's written opinion indicating whether the proposed Program and
Plan 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
Program and Plan to the Council for its approval.
41111
• 4. The EDA directs the Executive Director to transmit the Program and Plan to
the Sherburne County and Independent School District No. 728 in which Tax
Increment Financing District No. 21 is located not later than 30 days prior to
the proposed public hearing.
Passed and adopted by the Board this 21st day of September, 1998.
-nry •I Duitsman, Mayor
ATTES :
andra A. Peine, City Clerk
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