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ITEM 5. <br /> Ah ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY <br /> IP <br /> MEMORANDUM <br /> TO Housing and Redevelopment Authority <br /> pFROM: Paul T. Steinman, Director of Economic <br /> Development <br /> DATE: November 21, 1996 <br /> SUBJECT: Update on Tax Increment Financing <br /> District No 16 <br /> The purpose of this memo and the attached information is to provide an <br /> update to the Housing and Redevelopment Authority on the Tax Increment <br /> Plan for Tax Increment District No 16. <br /> The attached Plan is in draft form and will likely require several <br /> • modifications prior to formal adoption by the City Council on January 27, <br /> 1997. <br /> • <br /> P.O. Box 490 • 13065 Orono Parkway • Elk River, MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />