6.1. SR 11-01-2004 - Laserfiche WebLink

Home Browse Search

CITY OF ELK RIVER SHERBURNE COUNTY STATE OF MINNESOTA Council member introduced the following resolution and moved its adoption: RESOLUTION NO. RESOLUTION ADOPTING A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO.1; AND ESTABLISHING DOWNTOWN PHASE I TAX INCREMENT FINANCING DISTRICT NO. 22 THEREIN AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED by the City Council (the "Council") of the City of Elk River, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City Council (the "Council") of the City of Elk River (the "City") has heretofore established Development District No. I and adopted the Development Program therefor. It has been proposed by the City that the City adopt a Modification to the Development Program for Development District No. I (the "Development Program Modification") and establish Downtown Phase I Tax Increment Financing District No. 22 (the "District") therein and adopt a Tax Increment Financing Plan (the "TIF Plan") therefor (the Development Program Modification and the TIF Plan are referred to collectively herein as the "Program and Plan"); all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.124 t0469.134 (the "Municipal Development Act") and Sections 469.174 t0469.1799, all inclusive, as amended, (the "TIF Act" and together with the Municipal Development Act the "Acts") all as reflected in the Program and Plan, and presented for the Council's consideration. 1.02. The City has investigated the facts relating to the Program and Plan and has caused the Program and Plan to be prepared. The City has caused to be prepared the following reports and studies: Public Comment Summary, Historic Context Study Summary, Housing Plan Summary 200 1-2005, Market Potential Analysis Summary 2000-20 I 0, Zoning Information for Downtown District, Downtown Revitalization Project Planning & Project History, Redevelopment Eligibility Assessment: Proposed "Downtown Revitalization Project" Redevelopment Area - by SEH July 14, 2003, Traffic Counts - 1999, TIF Application, Downtown Riverfront Revitalization Q&A Newsletters, and the Redevelopment Eligibility Assessment - by SEH September 2,2004. The City has also opened public discussion to hear comments from members of the public. 1.03. The City has performed all actions required by law to be performed prior to the establishment of the District and the adoption and approval of the proposed Program and Plan, including, but not limited to, notification ofSherbume County and Independent School District No. 728 having taxing jurisdiction over the property to be included in the District, a review of and written comment on the Program and Plan by the City Planning Commission, and the holding of a public hearing upon published notice as required by law. The City received no comments from the County ofthe School District within 30 days after notification. 1.04. Certain written reports: Public Comment Summary, Historic Context Study Summary, Housing Plan Summary 200 1-2005, Market Potential Analysis Summary 2000-2010, Zoning Information for