RES 89-5 THE ECONOMIC DEVELOPMENT AUTHORITY
FOR THE
CITY OF ELK RIVER, MINNESOTA
RESOLUTION 89-5
A RESOLUTION APPROVING THE FINDINGS OF CONDITIONS FOR THE
CREATION OF TAX INCREMENT FINANCING DISTRICT NO. 6 AS A
REDEVELOPMENT DISTRICT.
The Economic Development Authority (the EDA) for the City
of Elk River (the City) acting pursuant to its authority under
the Minnesota Tax Increment Financing Act (Minnesota Statutes,
Sections 469 . 174, et seq. ) hereby finds:
FINDINGS
1 . That City of Elk River Development District No. 1 was
designated as a municipal development district pursuant to
Minnesota Statutes, Chapter 469 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 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.
3 . That the proposed TIF District No. 6 will be Redevelopment
District pursuant to Minnesota Statutes Section 469. 174,
Subd. 10.
4. The City of Elk River Economic Development Authority does
hereby find that the following conditions exist within
proposed TIF District No. 6.
A. 70% of the parcels in the district are occupied by
buildings, streets, utilities or other improvements
and more than 50% of the buildings, not including out
buildings, are structurally substandard to a great
degree requiring substantial renovation or clearance;
B. That proposed TIF District No. 6 consists of the
following properties with the existing conditions as
noted:
i. Parcel No. 1
PID No. 115-025-200110 - Violation of fire
codes, structurally unsound, safety violations,
substandard electrical service.
ii. PID No. 115-025-200120 - Violation of fire
codes, inadequate egress, sagging roof, sloping
floors, numerous safety violations, substandard
electrical service.
iii. PID No. 115-025-200010 - Vacant
ill/
iv. PID NO. 115-025-200090 - Violation of fire
codes structurally unsound, inadequate egress,
numerous safety violations, substandard
electrical service.
RESOLVED
A. That the EDA of the City of Elk River hereby adopts
each and every one of the findings set forth above.
B. That the EDA of the City of Elk River hereby finds
that conditions exist for the creation of a
Redevelopment District pursuant to Minnesota Statures
Section 469.174, Sudb. 10(1 ) .
C. That the City Council and the EDA of the City of Elk
River hereby establishes that area of the City
designated in the TIF Plan for TIF District No. 6 as
TIF District No. 6 .
D. That the EDA of the City of Elk River hereby directs
its staff and consultants to proceed to take the
steps necessary to create and implement TIF District
No. 6, including the filing of the TIF Plan and this
110
Resolution with the Minnesota Commissioner of Energy,
Planning, and Development and the Sherburne County
Auditor, and requesting the Sherburne County Auditor
to certify the original assessed value of the
property within TIF District No. 6 .
The foregoing resolution was introduced by Commissioner
Dobel and duly seconded by Commissioner Kropuenske.
The following voted in favor of the resolution: Chairman
Tralle, Commissioners Holmgren, Kropuenske, and Dobel
The following voted against: None
The following were absent: Commissioner Schuldt
Whereupon the resolution was adopted October 9, 1989 .
---J
James Tralle, President
ATTEST:
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Patrick D. Klaers, Executive Director