RES 04-01 PLANNING COMMISSION
CITY OF ELK RIVER,MINNESOTA
RESOLUTION NO. 04-01
RESOLUTION OF THE CITY OF ELK RIVER PLANNING COMMISSION
FINDING THAT A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR
DEVELOPMENT DISTRICT NO.1 AND A TAX INCREMENT FINANCING PLAN
FOR DOWNTOWN PHASE I TAX INCREMENT FINANCING DISTRICT NO.22
CONFORMS TO THE GENERAL PLANS FOR THE DEVELOPMENT AND
REDEVELOPMENT OF THE CITY.
WHEREAS,the City Council for the City of Elk River,Minnesota,(the"City")has proposed to adopt a
Modification to the Development Program for Development District No. 1 (the "Development Program
Modification")and a Tax Increment Financing Plan for Downtown Phase I Tax Increment Financing District
No. 22 (the "TIF Plan")therefor(the Development Program Modification and the TIF Plan are referred to
collectively herein as the"Program and Plan")and has submitted the Program and Plan to the City Planning
Commission(the "Commission")pursuant to Minnesota Statutes, Section 469.175, Subd. 3, and
WHEREAS,the Commission has reviewed the Program and Plan to determ ine their conformity with the
general plans for the development and redevelopment of the City as described in the comprehensive plan for
the City.
NOW,THEREFORE,BE IT RESOLVED by the Commission that the Program and Plan conforms with
the general plans for the development and redevelopment of the City as a whole.
Dated: August 24, 2004
Chair
ATTEST:
Secretary
S:\Downtown Revitalization\TIF\TIF Plan Docs\Planning Commission Resolution.doc