87-072 RES
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THE CITY COUNCIL
FOR THE
CITY OF ELK RIVER, MINNESOTA
RESOLUTION NO. 87- 72
A RESOLUTION APPROVING THE TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING DISTRICT NO.4, ESTABLISHING TAX
INCREMENT FINANCING DISTRICT NO.4, AND DIRECTING CITY STAFF TO
IMPLEMENT TAX INCREMENT FINANCING DISTRICT NO.4.
The city Council 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, 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 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
public improvements necessary to attract new development to the
Development District.
3. That implementation of Development District No.1 and
construction of required water service facilities and other
public improvements through tax increment financing has
attracted new commercial and industrial development to the
Development District.
4. That there is a demand within the City for further
business and industrial development.
5. That additional business and industrial development
in many areas of the City designated for business and
industrial uses is not possible absent the installation of
certain public improvements including sanitary sewer and water
service facilities.
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6. That the high cost of constructing the required
public improvements and facilities cannot be met, and
additional business and industrial development is therefore not
possible, without public intervention.
7. That it is therefore necessary, desirable, and in the
public interest to designate, establish, develop, and
administer an economic development Tax Increment Financing
District in the City pursuant to the Minnesota Tax Increment
Financing Act.
8. That the purpose of the Tax Increment Financing
District will be to assist in the financing of certain public
improvements including sanitary sewer and water service
improvements and facilities to be constructed in the
Development District and to provide a means for financing
additional public improvements if the City is to attract
additional business and industrial development and increase
employment opportunities in those areas of the City designated
for these uses.
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9. That a proposed Tax Increment Financing Plan (TIF
Plan) has been prepared by City staff and consultants which
proposes designating a portion of Development District No. 1 as
an economic development Tax Increment Financing District to be
known as Tax Increment Financing District No. 4 (TIF District
No.4).
10. That TIF District No.4 is an economic development
Tax Increment District pursuant to Minnesota Statutes, section
469.174, subdivision 12.
(a) TIF District No. 4 is located wholly within the
City's Development District No.1.
(b) Development District No. 1 has been duly created
and the Development Program for Development
District No. 1 duly adopted by the City Council
pursuant to the provisions of Minnesota Statutes.
(c) The creation of Development District No. 1 and
TIF District No. 4 is in the public interest
because:
(i) It will discourage commerce, industry,
and manufacturing from moving their
operations to another state;
(ii) It will result in increased employment ln
the City;
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(iii) It will result in preservation and
enhancement of the tax base of the City.
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11. That industrial and commercial development in certain
areas within Development District No.1, in the opinion of the
City council, would not reasonably be expected to occur solely
through private investment within the reasonably foreseeable
future and therefore the use of tax increment financing is
necessary.
12. That creation of TIF District No.4 and capture of
the tax increment generated by development in the TIF District
is the only available means of financing sanitary sewer and
water system improvements and facilities and other public
improvements necessary to allow business and industrial
development to occur within certain areas of Development
District No.1.
13. That the TIF Plan for TIF District No.4 is
consistent with and conforms to the comprehensive plan for the
development of the City as a whole and to the City's adopted
land use plan.
14. That the Planning Commission for the City of Elk
River has been consulted with respect to the TIF Plan and that
the TIF Plan conforms to the City's comprehensive and land use
plans. That the TIF Pan does not conflict with any other known
private proposals or other public projects.
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15. That the TIF Plan will afford maximum opportunity,
consistent with the sound needs of the City as a whole, for
development by private enterprise.
16. That the TIF plan adequately and accurately sets
forth the goals, objectives, and other details regarding TIF
District No.4.
17. That the TIF Plan has been transmitted by the City to
the Sherburne County Board of Commissioners and to the School
Board for Independent School District No. 728.
18. That the City has presented to the County Board and
the School Board the City's estimate of the fiscal and economic
implications of TIF District No. 4 and has offered to meet with
the Sherburne County Board of Commissioners and the School
Board.
19. That notice of a public hearing on the TIF Plan and
on establishment of TIF District No. 4 has been published ln
the official newspaper of the City, as required by the
Minnesota Tax Increment Financing Act.
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20. That a public hearing on the TIF Plan and on
establishment of TIF District No. 4 was held before the City
Council on November 30, 1987, and that an opportunity to be
heard was granted at that time to all residents of the City and
all other interested persons.
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RESOLVED
A. That the City Council of the City of Elk River hereby
adopts each and everyone of the findings set forth above.
B. That the City Council of the City of Elk River hereby
approves and adopts the Tax Increment Financing plan for Tax
Increment Financing District No.4.
C. That the City Council of the City of Elk River hereby
establishes that area of the city designated in the TIF Plan
for TIF District No.4 as TIF District No.4.
D. That the City Council of the City of Elk River hereby
directs its staff and consultants to proceed to take the steps
necessary to implement TIF District No.4, including the filing
of the TIF Plan and this 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.4.
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The foregoing resolution was introduced by Councilmember
Holmgren and duly seconded by Councilmember
Schuldt
The following voted in favor of the resolution:
Mayor Gunkel, Councilmembp-rs Holmgren, Schuldt, and Tralle
The following voted against:
None
The following were absent:
Councilmember Dobel
Whereupon the resolution was adopted November 30, 1987.
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Estelle Gunkel, Mayor
ATTEST:
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Patrick Klaers, City Administrator
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