3.2. SR 07-13-1998 - Laserfiche WebLink

Home Browse Search

City of Elk River, Minnesota Commencing at the Northwest corner of Johnson Plat, according to said plat on file and of record in the office of the County Recorder, Sherbume County, Minnesota; thence South 17 degrees 04 minutes 00 seconds East, an assumed bearing along the West line of said Johnson Plat, a distance of 520.00 feet; thence South 72 degrees 56 minutes 00 seconds West, a distance of 327.60 feet to the intersection with the Easterly right-of-way line of said U.S. Highway No. 169; thence South 17 degrees 04 minutes 00 seconds East, along said Easterly right-of-way line, a distance of 260.00 feet, to the actual point of beginning of said line to be hereinafter described; thence South 72 degrees 56 minutes 00 seconds West, to the intersection with the Westerly right-of-way line of U.S. Highway No. 169 and there terminating. thence North 72 degrees 56 minutes 00 seconds East, along the last described line, to the intersection with said Easterly right-of-way line of U.S. Highway No. 169; thence Southerly and Southeasterly, along said Easterly and Northeasterly right-of-way line of said U.S. Highway No. 169, to the intersection with the Northerly right-of-way line of County Road No. 12; thence Easterly and Northeasterly, along the Northerly and Northwesterly right-of-way line of said County Road No. 12, to the intersection with the Northwesterly and Westerly right-of-way line of County Road No. 13; thence Northerly along said Westerly right-of-way line of County Road No. 13, to the intersection with the Easterly extension of the North line of Outlot A, said Johnson Plat; thence Easterly, along said Easterly extension of the North line of Outlot A, to the intersection with the Easterly right-of-way line of said County Road No. 13; thence Southerly, along said Easterly right-of-way of County Road No. 13 to the intersection with said Northerly right-of-way line of County Road No. 12; thence Easterly and Southeasterly, along said Northerly and the Northeasterly right-of-way line of County Road No. 12, to the intersection with the East line of said West half of the Southwest Quarter of Section 35; thence South, along said East line of the West half of the Southwest Quarter of Section 35, to the point of beginning. Section H Property to be Acquired in the TIF District The City may acquire and sell any or all of the property located within the TIF District; however, the City does not anticipate acquiring any such property at this time. Section I Specific Development Expected to Occur Within the TIF District As of the date of this TIF Plan, anticipated development within the TIF. District consists of several mixed-use projects. Commercial development on approximately 70 acres of the TIF District will encompass approximately 1.5 million square feet of retail space and approximately 300,000 square feet of restaurant and convenience store space. Construction is tentatively scheduled for 1998 and 1999. Approximately 40 acres of the TIF District is currently zoned for an industrial business park. At this time no specific development has been scheduled for this site, although it is anticipated that 300,000+ square feet of industrial space will be constructed over the next 2-5 years. At the time this document was prepared, there were no signed development agreements or construction contracts with regard to any of the anticipated development described above. As such development occurs and contracts are signed, the City will periodically update this document to reflect such information. SPRINGSTED Page 4