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RESOLUTION 96- <br /> A RESOLUTION OF THE ELK RIVER PLANNING COMMISSION <br /> FINDING THE ECONOMIC DEVELOPMENT AUTHORITY'S TAX <br /> INCREMENT FINANCING PLAN FOR <br /> TAX INCREMENT FINANCING DISTRICT NO. 15 LOCATED WITHIN <br /> DEVELOPMENT DISTRICT NO. 1 TO BE CONSISTENT WITH THE <br /> COMPREHENSIVE PLAN FOR THE CITY OF ELK RIVER <br /> WHEREAS, the Economic Development Authority's proposed Tax <br /> Increment Plan for Tax Increment Financing District No. <br /> 15 (the Plan) to be located within Development District <br /> No. 1, has been submitted to the Elk River Planning <br /> Commission; and, <br /> WHEREAS, the Planning Commission has reviewed the Plan to <br /> determine the consistency of the Plan to the <br /> Comprehensive Plan of the City of Elk River. <br /> NOW, THEREFORE, BE IT RESOLVED by the Elk River Planning <br /> Commission that the Tax Increment Financing Plan for Tax Increment <br /> Financing District No. 15 is consistent with the Elk River Comprehensive <br /> IIIPlan based on the following findings: <br /> 1. The present zoning of I-1 (Light Industrial) and land use designation <br /> of L-I (Light Industrial) is the appropriate zoning and land use to <br /> allow industrial development. <br /> 2. The comprehensive land use for this area is not envisioned to change <br /> in the immediate future; therefore, expanding industrial businesses at <br /> this location is consistent with the Comprehensive Plan. <br /> 3. One of the Comprehensive Plan goals is to encourage industrial <br /> development to assist the city's tax base and employment base. <br /> Passed and adopted by the Planning Commission of the City of Elk River this <br /> 28th day of May, 1996. <br /> Tom Dillon, Chair <br /> ATTEST: <br /> Steven B. Ach, City Planner <br /> • <br />