3.1. SR 02-08-1993
ITEM 3. 1.
TO: MAYOR & CITY COUNCIL
FROM: WILLIAM RUBIN, ED COORDINATO~VZ-
DATE: FEBRUARY 3, 1993
SUBJECT: CONSIDER REQUEST FOR A PUBLIC
HEARING FOR THE TESCOM TIF PLAN
INTRODUCTION
At its February 8 meeting, the Elk River City Council will be
asked to schedule a public hearing to consider a Tax Increment
Financing Plan for Tax Increment District No.9. A public
hearing to consider the TIF Plan is requested for March 8, 1993.
BACKGROUND
.
This TIF request was considered by the Elk River EDA at its
meeting earlier on February 8. Assuming the EDA authorizes the
preparation of a TIF Plan, and, assuming that the EDA
recommends that the City Council schedule a public hearing on
this matter, the Council is asked to schedule a public hearing
as well.
Below is the proposed timetable to complete the Tescom TIF Plan:
February 8 - City Council sets public hearing date to
consider TIF Plan.
Mid February- TIF Plan is sent to School District and
County.
February 16/17 - County Board Meeting.
February 23 - School Board Meeting.
February 23 - Planning Commission reviews TIF Plan.
February 24 - Public hearing notices published in the Star
News.
March 8 - EDA conducts public hearing; reviews and
adopts TIF Plan.
March 8 - City Council conducts public hearing on TIF
Plan.
.
720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420
.
.
.
ACTION REQUESTED
The Elk River City Council is asked to schedule a public
hearing for March 8, 1993, to consider a Tax Increment
Financing Plan for Tax Increment District No.9.
RECOMMENDATION
I recommend that the City Council schedule a public hearing for
March 8, 1993, to consider the above-referenced TIF Plan.