RES 95-02 RESOLUTION 95 - 2
A RESOLUTION OF THE ELK RIVER PLANNING COMMISSION
A RESOLUTION FINDING THE CITY OF ELK RIVER'S PROPOSED
MODIFICATIONS TO TAX INCREMENT FINANCING PLAN NO. 2 AND NO. 3
LOCATED WITHIN DEVELOPMENT DISTRICT NO. 1 AS BEING CONSISTENT
WITH THE COMPREHENSIVE PLAN FOR THE CITY OF ELK RIVER
WHEREAS, the City of Elk River's proposed modifications to Tax Increment
Financing Plan No. 2 and No. 3 (the Plans), located within
Development District No. 1, have been submitted to the Elk River
Planning Commission; and,
WHEREAS, the Planning Commission has reviewed the proposed modifications to
the Plans to determine the consistency of the modifications to the
Comprehensive Plan of the City of Elk River.
NOW, THEREFORE, BE IT RESOLVED by the Elk River Planning Commission that
the modifications to Tax Increment Financing Plan No. 2 and No. 3 are consistent with
the Elk River Comprehensive Plan, based on the following findings:
1. Business Park and Industrial Park expenditures, as authorized by Minnesota
Statutes, are proposed within the B-P, Business Park zoning district or the I-1,
Light Industrial zoning district in the western part of the community or in the
eastern part of the community, and have an underlying land use of light industrial.
2. Urban renewal and redevelopment expenditures, as authorized by Minns-sota
Statutes, are proposed within the C-1, Central Commercial zoning district and the
C-2, Office District zoning district, and have an underlying land use of central
business.
3. Infrastructure expenditures, as authorized by Minnesota Statutes, are proposed
within_ the B-P, Business Park zoning district, the I-1, Light Industrial zoning
district, the C-1, Central Commercial zoning district, or the C-2, Office District
zoning district and have an underlying land use of light industrial, or central
business respectively.
Adopted this 19th day of December, 1995.
Louise Kuester, Chair
ATTEST:
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Steven B. Ach, City Planner