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<br />Financial Impact <br />This action is a necessary step, allowing up to $2,000,000 in principle and interest costs to be allocated to the <br />project via TIF. However, a subsequent agreement is necessary to formally commit funds to the project. <br /> <br />Mission/Policy/Goal <br />Support commercial and industrial development. <br /> <br />Attachments <br />1. RES 24- Heritage Millwork Approving TIF District <br />2. HMI TIF District Review Letter Sherburne County <br />3. TIF No. 29 Plan <br />4. May 20, 2024, EDA Packet and Materials (Baker Tilly Memo and Joint Finance Review) <br />5. 06-03-24 Elk River Heritage Millwork TIF CC Meeting and Public Hearing and land <br /> <br /> <br />Page 364 of 464