RES 17-01 RESOLUTION NO. 17-01
CITY OF ELK RIVER
RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF ELK RIVER
ELK RIVER CONCERNING DEVELOPMENT DISTRICT NO. I AND A
PROPOSED TAX INCREMENT FINANCING DISTRICT OF THE CITY OF ELK
RIVER
WHEREAS, the proposal by the City of Elk River,Minnesota to amend the Development
Program for Development District No. 1 (the "Program") to reflect increased public development
and redevelopment costs and activities, establish Tax Increment Financing (Redevelopment) District
No. 24 (Beaudry Redevelopment Project), and adopt the Tax Increment Financing Plan relating
thereto (the "TIF Plan"and, together with the Program, the "Plans"), all pursuant to and in
conformity with applicable law,including Minnesota Statutes, 469.124 to 469.133 and Sections
469.174 to 469.1794,as amended,has been submitted to the City of Elk River Planning Commission
(the "Commission");and
WHEREAS, the Commission has reviewed the Plans to determine the consistency of the
Plans with the comprehensive plan for the City of Elk River.
NOW THEREFORE, BE IT RESOLVED AND DETERMINED by the th City of Elk
tY
�_• River Planning Commission that the Plans are consistent with the ve i
ens
h
re
com plan for the City
p ty
of Elk River and conform to general plans for development or redevelopment of the City as a
whole.
Adopted this 27th day of June, 2017. .�
14;fic-401444sofl. aur
Commission Chair
501899v1 JSB EL185-52