RES 96-01 RESOLUTION 96 -y
A RESOLUTION OF THE ELK RIVER PLANNING COMMISSION
FINDING THE ECONOMIC DEVELOPMENT AUTHORITY'S
TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING DISTRICT NO. 14 LOCATED WITHIN
DEVELOPMENT DISTRICT NO. 1 TO BE CONSISTENT WITH THE
COMPREHENSIVE PLAN FOR THE CITY OF ELK RIVER
WHEREAS, the Economic Development Authority's proposed Tax
Increment Plan for Tax Increment Financing District No. 14
(the Plan) to be located within Development District No. 1,
has been submitted to the Elk River Planning Commission;
and,
WHEREAS, the Planning Commission has reviewed the Plan to
determine the consistency of the Plan to the Comprehensive
Plan of the City of Elk River.
NOW, THEREFORE, BE IT RESOLVED by the Elk River Planning
Commission that the Tax Increment Financing Plan for Tax Increment
Financing District No. 14 is consistent with the Elk River Comprehensive
Plan based on the following findings:
1. The present zoning of I-1 (Light Industrial) and land use designation of
L-I (Light Industrial) is the appropriate zoning and land use to allow
industrial development.
2. The comprehensive land use for this area is not envisioned to change
in the immediate future; therefore, expanding industrial businesses at
this location is consistent with the Comprehensive Plan.
3. One of the Comprehensive Plan goals is to encourage industrial
development to assist the city's tax base and employment base.
Passed and adopted by the Planning Commission of the City of Elk River this
26th day of March, 1996.
Tom Dillon-,-'Fair
ATTEST:
Steven . Ach, City Planner