6.1. SR 11-01-2004 - Laserfiche WebLink

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NOTICE OF PUBLIC HEARING CITY OF ELK RIVER SHERBURNE COUNTY STATE OF MINNESOTA NOTICE IS HEREBY GIVEN that the City Council of the City of Elk River, Sherburne County, State of Minnesota, will hold a public hearing on November 1,2004, at approximately 6:30 P.M. at the City Council Chambers in City Hall, 13065 Orono Parkway, Elk River, Minnesota, relating to the City of Elk River's (the "City") proposed adoption of a Modification to the Development Program for Development District No. I (the "Development Program Modification"), the proposed establishment of Downtown Phase I Tax Increment Financing District No. 22 (a redevelopment tax increment financing district) within Development District No. I, and the proposed adoption ofa Tax Increment Financing Plan (the "TIF Plan") therefor (collectively, the "Program and Plan"), and to adopt a business subsidy agreement, pursuant to Minnesota Statutes, 469.124 to 469.134 and Sections 469.174 to 469.1799, and Sections 116J.993 to 116J.995 all inclusive, as amended. Copies of the Program and Plan and the subsidy agreement are on file and available for public inspection at City Hall. / Please note that the City's goals for this project are primarily redevelopment and the construction of housing. Job creation is not a goal of this project consequently after the public hearing the City intends to set the wage and job goals in the business subsidy agreement at zero. The property to be included in Downtown Phase I Tax Increment Financing District No. 22 is located within Development District No. I and the City of Elk River. A map of Development District No. I, and Downtown Phase I Tax Increment Financing District No. 22 therein is set forth below. Subject to certain limitations, tax increment from Downtown Phase I Tax Increment Financing District No. 22 may be spent on eligible uses within the boundaries of Development District No.1. [INSERT MAP of Development District No. I, and Downtown Phase I Tax Increment Financing District No. 22] All interested persons may appear at the hearing and present their views orally or prior to the meeting in writing. BY ORDER OF THE CITY COUNCIL OF THE CITY OF ELK RIVER, MINNESOTA Is!