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<br /> Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly <br />US, LLP, an accounting firm. Baker Tilly US, LLP trading as Baker Tilly, is a member of the global network of Baker <br />Tilly International Ltd., the members of which are separate and independent legal entities. © 2024 Baker Tilly <br />Municipal Advisors, LLC <br /> <br /> <br /> <br />Tax Increment Financing Plan <br />for <br />Tax Increment Financing (Economic <br />Development) District No. 29 <br />within <br />Development District No. 1 <br />(Heritage Millwork Project) <br /> <br />City of Elk River, Minnesota <br /> <br />Prepared by <br /> <br />Baker Tilly Municipal Advisors, LLC <br /> <br /> <br />Draft Dated: May 3, 2024 <br /> <br />Public Hearing Scheduled: June 3, 2024 <br />Anticipated Approval by City Council: June 3, 2024 <br /> <br /> <br /> <br />Page 15 of 64