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PLANNING COMMISSION <br /> CITY OF ELK RIVER, MINNESOTA <br /> RESOLUTION NO. <br /> RESOLUTION OF THE CITY OF ELK RIVER PLANNING COMMISSION <br /> FINDING THAT A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR <br /> DEVELOPMENT DISTRICT NO. 1 AND A TAX INCREMENT FINANCING PLAN <br /> FOR DOWNTOWN PHASE I TAX INCREMENT FINANCING DISTRICT NO.22 <br /> CONFORMS TO THE GENERAL PLANS FOR THE DEVELOPMENT AND <br /> REDEVELOPMENT OF THE CITY. <br /> WHEREAS, the City Council for the City of Elk River, Minnesota, (the "City")has proposed to adopt a <br /> Modification to the Development Program for Development District No. 1 (the "Development Program <br /> Modification")and a Tax Increment Financing Plan for Downtown Phase I Tax Increment Financing District <br /> No. 22 (the "TIF Plan") therefor (the Development Program Modification and the TIF Plan are referred to <br /> collectively herein as the"Program and Plan")and has submitted the Program and Plan to the City Planning <br /> Commission (the "Commission")pursuant to Minnesota Statutes, Section 469.175, Subd. 3, and <br /> WHEREAS,the Commission has reviewed the Program and Plan to determine their conformity with the <br /> general plans for the development and redevelopment of the City as described in the comprehensive plan for <br /> the City. <br /> NOW,THEREFORE,BE IT RESOLVED by the Commission that the Program and Plan conforms with <br /> the general plans for the development and redevelopment of the City as a whole. <br /> Dated: October 26, 2004 <br /> Chair <br /> ATTEST: <br /> Secretary <br /> H:\SHRDOC\Downtown Revitalization\TIF\TIF Plan Docs\Planning Commission Resolution.doc <br />