3.0. SR 12-13-1993 - Laserfiche WebLink

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e e e the TIF District No. 1 and District No. 3 account, or, to a "development account". The EDA conducted a public hearing on this matter on November 15, 1993. The motion to approve the TIF Plan passed by a four to two vote with one absence. As mentioned, EDA Commissioners desired to recover the land costs which subsequently extended the life of the TIF District. As with other TIF Plans, numerous other agencies, boards, and commissions were required to review the proposal. For example, the Elk River Area School Board acknowledged receipt of the TIF Plan at its meeting on October 26th. On November 2, the Sherburne County Commissioners offered positive comments (attached) during its review. Lastly, the Elk River Planning Commission reviewed the Plan on October 28th and found it to be consistent with the Comprehensive Land Use Plan (see attached comments from City Planner). ISSUES 1. The developer, through its designated agent, respectfully requests that the City Council not take action on the TIF Plan following the December 13th public hearing. Rather, it is requested that the City Council consider action on the Plan at its December 20th meeting. This is done in recognition of the other public hearing scheduled for December 13th. 2. Staff is not in receipt of a completed TIF application. In the spirit of cooperation, staff has agreed to conduct the public hearing - recognizing that no decision will be made on December 13th. The developer's agent has agreed to submit the necessary exhibits as required by the TIF application in order for staff to complete its review. It is likely that this review can be done prior to the December 20th meeting and action on the TIF Plan can occur. ACTION REQUESTED After conducting the public hearing on the TIF Plan for TIF District No. 12, the City Council is asked to delay any action on this matter until such time as a completed application is on file.