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• AC. SUMMARY <br /> The City of Elk River is establishing Tax Increment Financing District No. 16 to preserve and enhance <br /> the tax base, to redevelop substandard areas, and increase employment of the City. The Tax Increment <br /> Financing Plan for Tax Increment Financing District No. 16 was prepared by the City of Elk River, <br /> 13065 Orono Parkway,Elk River,Minnesota 55330,telephone(612)441-7420. <br /> • <br /> • <br />