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RESOLUTION 95 - • A RESOLUTION OF THE ELK RIVER PLANNING COMMISSION A RESOLUTION FINDING THE CITY OF ELK RIVER'S PROPOSED MODIFICATIONS TO TAX INCREMENT FINANCING PLAN NO. 2 AND NO. 3 LOCATED WITHIN DEVELOPMENT DISTRICT NO. 1 AS BEING CONSISTENT WITH THE COMPREHENSIVE PLAN FOR THE CITY OF ELK RIVER WHEREAS, the City of Elk River's proposed modifications to Tax Increment Financing Plan No. 2 and No. 3 (the Plans), located within Development District No. 1, have been submitted to the Elk River Planning Commission; and, WHEREAS, the Planning Commission has reviewed the proposed modifications to the Plans to determine the consistency of the modifications to the Comprehensive Plan of the City of Elk River. NOW, THEREFORE, BE IT RESOLVED by the Elk River Planning Commission that the modifications to Tax Increment Financing Plan No. 2 and No. 3 are consistent with the Elk River Comprehensive Plan, based on the following findings: 1. Business Park and Industrial Park expenditures, as authorized by Minnesota Statutes, are proposed within the B-P, Business Park zoning district or the I-1, Light Industrial zoning district in the western part of the community or in the • eastern part of the community, and have an underlying land use of light industrial. 2. Urban renewal and redevelopment expenditures, as authorized by Minnesota Statutes, are proposed within the C-1, Central Commercial zoning district and the C-2, Office District zoning district, and have an underlying land use of central business. 3. Infrastructure expenditures, as authorized by Minnesota Statutes, are proposed within the B-P, Business Park zoning district, the I-1, Light Industrial zoning district, the C-1, Central Commercial zoning district, or the C-2, Office District zoning district and have an underlying land use of light industrial, or central business respectively. Adopted this 19th day of December, 1995. Louise Kuester, Chair ATTEST: • Steven B. Ach, City Planner