RES 18-12City of Elk River
Ver City Council
Resolution 18-12
A Resolution of the City Council of the City of Elk River Calling for a Public
Hearing on the Modification of the Development Program for Development
District No. I and the Creation of Tax Increment Financing District
(Housing) No. 25 and the Adoption of a Tax Increment Financing Plan
Therefor
WHEREAS, the City of Elk River (the "City") has received a request to provide tax
increment financing assistance for a housing development to be constructed in the City, and
the Council desires to hold a public hearing on the modification of the development
program for Development District No. 1, the establishment therein of Tax Increment
Financing District (Housing) No. 25 and the adoption of a tax increment financing plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows:
L. Public Hearing. This Council shall meet at the time and place specified in the form
of notice attached hereto as Exhibit A, or as soon thereafter as notice of the hearing can be
published in accordance with Minnesota Statutes, Sections 469.174 to 469.1794, as amended
(the "TIF Act', for the purpose of holding a public hearing on the proposed modification
of the Development Program for Development District No. 1 (the "Modification"), the
establishment therein of Tax Increment Financing District (Housing) No. 25 (the "TIF
DistricP'), and the proposed adoption of the Tax Increment Financing Plan therefor (the
"TIF Plan"), all pursuant to and in accordance with Minnesota Statutes, Sections 469.124
through 469.133, as amended (together with the TIF Act, the "Act's.
2. Notice of Public Hearing: Filing of Plans. City staff and consultants are directed and
authorized to prepare the Modification and TIF Plan and to forward such documents to the
appropriate taxing jurisdictions, including Sherburne County and Independent School
District No. 728 (Elk River). The City Clerk is authorized, at the direction of the City's
Economic Development Director, to cause notice of the hearing in substantially the form
attached as Exhibit A hereto, together with an appropriate map as required by law, to be
published at least once in the official newspaper of the City not less than 10, not more than
30, days prior to the public hearing, and to place a copy of the Modification and TIF Plan on
file in the City Clerk's office at City Hall and to make such copy available for inspection by
the public.
3. Consultation with Other Taxing Jurisdictions. City staff is hereby directed to send to
Sherburne County and Independent School District No. 728 a copy of the proposed form of
the tax increment financing plan at least 30 days prior to the public hearing.
11
�J�►TURE
Passed and adopted this 2W' day of February 2018.
Y
J n J. ietz, Ma r
ATTEST:
Tina Allard, tty Clerk
rovFREI er
NATURE
Exhibit A
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Elk River,
Minnesota (the "City") will hold a public hearing on Monday, April 16, 2018 at
approximately 6:00 p.m., at City Hall, 13065 Orono Parkway, Elk River, Minnesota, for
the purpose of conducting a public hearing on the proposal of the City to modify the
Development Program for Development District No. 1 (the "Modification"), establish
therein Tax Increment Financing District (Housing) No. 25 (the "TIF District') and adopt
the Tax Increment Financing Plan (the "TIF Plan") for the TIF District pursuant to
Minnesota Statutes, Section 469.124 through 469.133 and Sections 469.174 to 469.1794,
as amended. Copies of the Modification and TIF Plan are on file and available for public
inspection at the office of the Economic Development Director at City Hall.
The property to be included in the TIF District is located within Development
District No. 1 and the City. A map of Development District No. 1 and the TIF District is
set forth below. Subject to certain limitations, tax increment from the TIF District may
be spent on eligible uses within the boundaries of Development District No. 1.
[INSERT MAP of Development District No. 1 and the TIF District]
At the time and place fixed for the public hearing, the City Council will give all
persons who appear an opportunity to express their views with respect to the proposal. In
addition, interested persons may file written comments respecting the proposal with the
City Clerk at or prior to the hearing.
Publish: 12018
Elk River Press
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