Laserfiche WebLink
e <br />Extract of Minutes of Meeting of the <br />City Council of the City of Elk River, Sherburne County, Minnesota <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br />Elk River, Minnesota, was duly held in the City Hall in the City of Elk River, on August 1, 2011, <br />commencing at or after 6:30 P.M. <br />The following members were present: MAYOR JOHN J. DIETZ AND COUNCILMENIBERS NICK ZERWAS, <br />JERRY GUl~ffitEY, MATT WESTGAARD, AND PAUL MOTIN <br />• <br />~** *** <br />introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 11- 46 <br />RESOLUTION APPROVING AN AMENDED SPENDING PLAN FOR <br />TAX INCREMENT FINANCING DISTRICT NO. 16 <br />and the following were absent: NONE. <br />*** <br />CouncilMember MOTIN <br />BE IT RESOLVED By the City Council (the "City Council") of the City of Elk River, <br />Sherburne County, Minnesota (the "City") as follows: <br />Section 1. Background; Findings. <br /> <br />1.01 Minnesota Statutes, Section 469.176 Subd. 4m, (the "Temporary TIF Authority <br />Act") was amended by the omnibus technical tax bill (Chapter 112 - HF 1219) signed into law by <br />Governor Dayton on May 31, 2011 to extend deadlines originally set to expire in 2011. <br />1.02. The Temporary TIF Authority Act, as amended, authorizes the Housing and <br />Redevelopment Authority of the City of Elk River, Minnesota (the "Authority") to spend available <br />tax increment from any existing tax increment financing district, notwithstanding any other law to <br />the contrary, to provide improvements, loans, interest rate subsidies, or assistance in any form to <br />369802v2 JSB EL185-12 <br />