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DAVID LOCH <br /> <br />July 13, 1998 <br /> <br />Mr. Paul Steinman <br />Director of Economic Development <br />City of Elk River <br />13065 Orono Parkway <br />P.O. Box 490 <br />Elk River, MN 55330 <br /> <br /> 13880 Highway 10 <br />Elk River, MN 55330-4601 <br />(612) 241-2701 L3 1.800-433-5229 <br />website: www. co.sherbume, mn. us <br /> <br />Dear Mr. Steinman: <br /> <br />In response to the request for input on Elk River's proposed Tax Increment Financing <br />District No. 19, the Sherbume County Board of Commissioners has issued a response. <br />The enclosed response document was reviewed and approved at the July 7th Board <br />meeting. I trust that you will enter it into the record of the public hearing scheduled for <br />JUly 13th: <br /> <br />As you know Sherburne County is supportive of economic development initiatives. <br />However, in this case we are skeptical that such a massive and very long term diversion <br />of tax revenues is necessary to create beneficial development. Nevertheless, we look <br />forward to continued partnership with Elk River to retain, expand, and attract business <br />development. <br /> <br />Thank you for the consideration of our response. <br />County Administrator <br /> <br />Eric. <br /> <br />c. Roger Holmgren, Sherbume County Assessor's Office <br /> <br />An Equal Opportunity Employer <br /> <br /> <br />