RES 90-1 THE ECONOMIC DEVELOPMENT AUTHORITY
FOR THE
CITY OF ELK RIVER, MINNESOTA
RESOLUTION NO. 90 - 1
A RESOLUTION AMENDING THE DEVELOPMENT PROGRAM FOR
DEVELOPMENT DISTRICT NO. 1 AND EXPANDING THE BOUNDARIES OF
DEVELOPMENT DISTRICT NO. 1.
The Economic Development Authority for the City of Elk
River (the Authority) acting pursuant to its authority under
the Minnesota Economic Development Act (Minnesota Statutes,
Sections 469 . 124, at seq. ) hereby finds, determines, and
resolves as follows:
FINDINGS
1. That City of Elk River Development District No. 1 was
designated as a municipal development district pursuant to
Minnesota Statutes, Chapter 472A and Sections 124 at seq. , and
that the Development Program for Development District No. 1 was
approved by resolution of the City Council for the City of Elk
River dated April 1, 1985, and amended by resolutions of the
City Council of the City of Elk River dated January 27, 1986,
and November 30, 1987 .
2 . That the City Council for the City of Elk River,
pursuant to Resolution No. 87-63 has transferred authority for
Development District No. 1 to the Economic Development
Authority for the City of Elk River.
3. That the Development Program for Development District
No. 1 anticipates and provides for the adoption of Tax
Increment Financing Plans and the establishment of Tax
Increment Financing Districts to assist in the financing of the
public improvements and other public costs necessary to attract
and retain new development in the Development District.
4 . That implementation of Development District No. 1 and
construction of public facilities and other public improvements
through tax increment financing has attracted new commercial
and industrial development to the Development District.
5 . That there is a demand within the City for further
business and industrial development, including development in
areas of the City not presently included in Development
District No. 1.
6 . That additional business and industrial development
in many areas of the City designated for business and
industrial use is not possible absent city assistance in
addition to the installation of certain public improvements .
f
7 . That the high cost of constructing required public
4,1 improvements and facilities, and providing other forms of
assistance for new development, cannot be met, and additional
business and industrial development is therefore not possible,
without public intervention.
8 . That it is necessary to expand Development District
No. 1 and to adopt the proposed amendments to the Development
Program for Development District No. 1 in order to continue
providing assistance for new development.
9 . That the proposed amendments to the Development
Program prepared by City staff and consultants adequately and
accurately set forth the required amendments to the Development
Program.
10 . That the Planning Commission for the City of Elk
River has been consulted with respect to the amended
Development Program and expansion of the Development District.
11. That the amended Development Program is consistent
with the City's Comprehensive Land Use Plan.
12 . That notice of a public hearing on the amended
Development Program has been published in the official
newspaper of the City as required by Minnesota Statutes .
• 13 . That a public hearing on the proposed amended
Development Program was held before the Economic Development
Authority on February 12, 1990, and that an opportunity to be
heard was granted at that time to all residents of the City and
all other interested person.
14 . That it is therefore necessary, desirable and in the
public interest to amend the Development Program for
Development District No. 1 and to expand Development District
No. 1 as set forth in the amended Development Program.
RESOLVED
A. That the Economic Development Authority for the City
of Elk River hereby adopts each and every one of the findings
set forth above.
B. That the Economic Development Authority for the City
of Elk River hereby adopts the proposed amendments to the
Development Program for Development District No. 1 and readopts
in its entirety the Development Program for Development
District No. 1 and readopts in its entirety the Development
Program for Development District No. 1, as amended, as of this
date.
C. That the Economic Development Authority for the City
• of Elk River hereby expands the area of Development District
2 .
No. 1 as provided for in the amended Development Program
411 adopted this date.
D. That the Economic Development Authority for the City
of Elk River hereby designates the Executive Director as the
administrator for Development District No. 1 and directs the
Executive Director to proceed to take all steps necessary to
implement the expanded Development District No. 1 and amended
Development Program for Development District No. 1.
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410
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The foregoing resolution was introduced by Commissioner
III Kropuenske
.and duly seconded by Commissioner
Dobel
The following voted in favor of the resolution:
Members Kropuenske, Dobel, and Tralle
The following voted against:
Members Schuldt and Holmgren
The following were absent: None
f
Whereupon the resolution was Adopted February 1k,7 1990.
/
= es Tralle, President
ATTES •
110 i 7 4w ,.7:1-7;; -
Patrick Klaers, xecutive Director