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ITEM # 5. <br /> City of <br /> Elk <br /> River <br /> MEMORANDUM <br /> TO: Housing and Redevelopment Authority <br /> FROM: Catherine Mehelich, Director of Economic Development//�e7 <br /> DATE: November 1, 2004 <br /> SUBJECT: Downtown Revitalization Project Update <br /> Attachment <br /> • April 28, 2004 Memo Re: Proposed MetroPlains Project <br /> Background <br /> At its October meeting the HRA adopted a resolution recommending that the City Council <br /> consider approval of the TIF Plan for the project. <br /> Current Activities <br /> Establishment of TIF District <br /> The Planning Commission recently adopted a resolution finding that the TIF Plan conforms <br /> to the general plans for development and redevelopment in the city. The City Council will <br /> hold a public hearing at its November 1 meeting to hear public comments on the TIF Plan <br /> and Business Subsidy. <br /> Land Use Approvals <br /> The Planning Commission and City Council recently approved the preliminary plat for <br /> Jackson Block and Bluff Block projects. <br /> Development Agreement <br /> Staff continues to meet with MetroPlains and Ehlers to discuss ongoing issues related to the <br /> proposed development and development agreement. Mary Ippel of Briggs &Morgan is <br /> drafting the development agreement consistent with the attached HRA and MetroPlains' <br /> agreement of key issues dated April 28, 2004. Staff anticipates the development agreement <br /> to be reviewed by the HRA and City Council in November/December. <br /> • <br />