7.2 SR 01-03-2022 - Laserfiche WebLink

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Board of Commissloliers Barbara Biii-andt. District I Raccanne I)anielowski. District 2 "I'Mi Dolan. District 3 1'ehx Schinlesing, Dism'ct 4 1.1sa A., Fol. be, District � December 21. 2021 Ms. Mikaela Huot Baker Tilly Mmucipal Advisers 380 Jackson Street Suite 300 St. Paul. NIN' 55101-2887 Re: City of Elk River TIF District #28 Dear Ms,. Hulot. Thatik, you for the opportunity to provide comments concerning the establishment of tax increment financing (TIF) district #28, Sherburne Comity adopted air economic development strategic plan in 20M That plan identifies the I couritv*s intent to support the economic development efforts of our cities and other partners that help enhance the quality of life for all residents, create and sustain living wage jobs, expand the county's property tax base. and allow the county to be a partner with other public agencies and private sector stakeholders. Pursuant to Minnesota Statute 479,175. subdivision 2. and consistent with the county's econolilic development strategic plan, Sherburne County submits the following continents: I. The County Board supports the city's, effort to encourage and facilitate the development of the 44-unit multi -family housing project. The development, \vllen complete, is prqjected to add more than S6,200.000 in taxable value. Sherburne County supports housing strategies that provide life cycle housing opportunities available to liouseliolds of all incomes, As with all projects. we encourage local cities to continue, to work mith County staff in the planning stages of any potential development to explore the best project financing options. The TIF district proposal has been revieNved by our County Attorney staff and the proposed project is consistent with the County's stated ol:1jective in tile TIF Review Policy, 3. The TIF district proposal has been revieNved by our Taxation Division staff and there were no administrative issues identified.