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<br />. <br /> <br />. <br /> <br />. <br /> <br />Planning Commission Minutes <br />August 25, 1992 <br /> <br />Page 18 <br /> <br />14. Review of Tax Increment Financing Plan for Tax Increment Financing <br />District No. 10 <br /> <br />Janelle Szklarski, Zoning Assistant, briefly reviewed the Tax Increment <br />Financing Plan for TIF District No. 10. Commissioner Eberley stated <br />that she was concerned with the length of the district as she felt that <br />15 to 16 years to repay the debt was extensive. She was also concerned <br />with the reconciliation of the budget listed in the information and the <br />pay back schedule in Exhibit D. <br /> <br />COMMISSIONER SPOTTS MOVED TO APPROVE RESOLUTION 92-2, A RESOLUTION OF <br />THE ELK RIVER PLANNING COMMISSION FINDING THE HOUSING AND REDEVELOPMENT <br />AUTHORITIES TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING <br />DISTRICT NO 10 LOCATED WITHIN DEVELOPMENT DISTRICT NO 1 TO BE <br />CONSISTENT WITH THE COMPREHENSIvE PLAN FOR THE CITY OF ELK RIVER. <br />COMMISSIONER TVEITE SECONDED THE MOTION. THE MOTION CARRIED 7-0. <br /> <br />Commissioner Eberley stated that she would like the reconciliation <br />question answered prior to the City Council reviewing this plan. <br /> <br />14.1 Other Business <br /> <br />Commissioner Eberley stated that she and Commissioner Minton had <br />recently visited the Big Lake Town Board. She stated that they are <br />considering resurrecting their Planning Advisory Board. <br /> <br />15. Adjournment <br /> <br />There being no further business, COMMISSIONER JOHNSON MOVED <br />THE MEETING. COMMISSIONER TVEITE SECONDED THE MOTION. <br />CARRIED 7-0. <br /> <br />TO ADJOURN <br />THE MOTION <br /> <br />The meeting of the Elk River Planning Commission was <br />approximately 12:40 a.m. <br /> <br />adjourned <br /> <br />at <br /> <br />Respectfully submitted, <br /> <br />qa.J~6iflaML <br /> <br />Janelle Szklarski <br />Zoning Assistant <br />