7.1 SR 10-05-2020 - Laserfiche WebLink

Home Browse Search

CITY OF ELK RIVER, MINNESOTA NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the City Council (the "Council') of the City of Elk River, Minnesota (the "City', will hold a public hear- ing at a meeting of the Council beginning at 6:30 p.m., on Monday, October 5, 2020, to be held at the Elk River City Hall,13065 Orono Parkway, Elk River, Minnesota on the proposal to modify the Devel- opment Program for Development District No.1 (the "Project Area') to establish Tax Increment Financing (Economic Development) Dis- trict No. 26 within Development District No. 1 (Shoot Steel, Inc. Project) (the 'TIF District'); all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.124 through 469.133, as amended, and 469.174 through 469.1794, as amended (together, the "TIF Act'), and to review the Tax Increment Financing Plan (the "Plan') for the TIF District. A copy of the Plan for the TIF District and all documents relating to the proposed mod- ification to the Development Program for Development District No. 1 to establish the TIF District as an economic development district, will be on file and available for inspection at City Hall during regular business hours. Adjacent to this notice is a map which shows the area of the pro- posed TIF District and the boundaries of the Project Area where the increments may be collected and expended, respectively, pursuant to the TIF Act. In addition, the City proposes entering into an agreement with Shoot Steel, Inc., or an affiliate thereof or entity related thereto (the "Developer) under which the City will provide tax increment as- sistance to the Developer, and the Developer will agree to acquire approximately 4.34 acres of land within the City and construct and equip an approximately 20,000 square foot warehouse facility and associated office space on the property. The assistance will be a "business subsidy" under Minnesota Statues, Sections 116J.993 to 116J.995, as amended (the "Business Subsidy Law'J. A copy of the proposed business subsidy agreement is on file and available for public inspection at the office of the City's Economic Develop- ment Director in City Hall. A person with residence in or the owner of taxable property in the City may file a written complaint with the City if the City fails to comply with the Business Subsidy Law, and no action may be filed against the City for the failure to comply unless a written complaint is filed. At the time and place fixed for the public hearing, the Council will give all persons who appear or submit comments in writing prior to the hearing, an opportunity to express their views with respect to the proposal. Interested persons may file written comments re- specting the proposal with the City Clerk at or prior to said public hearing. PLEASE NOTE, due to COVID-19, the public hearing may be con- ducted via telephone or other electronic means as allowed under Minnesota Statutes, Section 13D.021. Please refer to the City's website at httpsJ/www.elkdvermn.gov/ or call City Hall at 763-635- 1000 to learn how to attend and participate in the public hearing via telephone or electronically. BY ORDER OF THE CITY COUNCIL Published in the Elk River Star New September 19, 2020 1076482