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RES 26-11City of Elk River City of Elk River City Council Resolution 26-1 1 A Resolution of the City Council of the City of Elk River regarding the support of a job creation fund application in connection with Crystal Distribution, Inc. (CDI) WHEREAS, the City of Elk River, Minnesota (the "City"), desires to assist CDI, a Minnesota Corporation, which is proposing to construct and addition to its facility in the City; and, WHEREAS, the City of Elk River understands that CDI through and with the support of the City, intends to submit to the Minnesota Department of Employment and Economic Development an application for an award and/or rebate from the job Creation Fund Program; and, WHEREAS, the City of Elk River held a city council meeting on February 17, 2026, to consider this matter. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: that, after due consideration, the Mayor and City Council of the City of Elk River, Minnesota, hereby adopts the following findings of fact related to the project proposed by CDI and its application for an award and/or rebate from the job Creation Fund Program and express their approval. The City Council hereby finds and adopts the reasons and facts supporting the following findings of fact for the approval of the job Creation Fund Program application: Finding that the project is in the public interest because it will encourage the growth of commerce and industry, prevent the movement of current or future operations to locations outside Minnesota, result in increased employment in Minnesota, and preserve or enhance the state and local tax base. a. CDI's project will result in the investment of over $5,000,000 of construction in the city, and will generate at least 20 new positions and wages along with an increase in the tax base. b. The Elk River site is competing with an Ohio site for this project investment, potentially impacting future operations in Elk River. 2. Finding that the proposed project, in the opinion of the City Council, would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future. a. The property CDI intends to purchase and expand on has multiple encumbrances, including a permanent gas line easement, that limits the optimal use of the site. CDI is uniquely positioned to be able to construct manufacturing space on this site and maximize the site's usefulness. b. The property has been slow to develop and has been marketed by the City and EDA for approximately 20 years. This is the last remaining parcel in the City's North Star Business Park yet to be developed. c. Incentives are necessary to secure this project in Elk River. 3. Finding that the proposed project conforms to the general plan for the development or redevelopment of the City as a whole. a. This property is guided for industrial/business park development under the City's comprehensive plan. b. The property is zoned for "Business Park" uses, of which this project is suitable and desirable. c. The property has been owned and marketed by the City's EDA for the purpose of industrial development. 4. Finding that the proposed project will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment or development of the project by private enterprise. a. This project will develop and maximize long -vacant property, meeting a long-term goal of the city to support industrial growth on the project site and helping existing businesses grow within the city. Passed and adopted this 17th day of February 2026. ATTEST: Jolene Rich _ r, Deputy Clerk