7.0.-8.0. EDSR 06-10-1996 - Laserfiche WebLink

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ITEM 7 . & 8. • ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY MEMORANDUM TO: Economic Development Authority FROM: Executive Director, Pat Klaers DATE: June 10, 1996 SUBJECT: TIF No. 15 Public Hearing and Developer Contract I made a mistake in the public hearing notice for this District. The public hearing notice should have been published on May 29, 1996, but did not get published until June 5, 1996. Prior to this public hearing notice getting in the paper, the error was noticed and the public hearing date was changed to June 17 in order to meet the ten day notice requirement. Accordingly, the EDA public hearing cannot be held on June 10 and must be held on June 17, 1996. • The attached background material on TIF No.15, the TIF application, and the TIF Plan should be brought to the special June 17, 1996, EDA meeting. The Contract between the EDA/city and McChesney Cabinets will be sent out prior to the June 17, 1996, meeting. The public hearing and review of the private developer contract is not expected to take a great deal of time and four of the seven EDA members are anticipated to be at the June 17, 1996, City Council meeting, so it is hoped that this special meeting will not be an inconvenience for EDA members. Recommendation It is recommended that the EDA call a special meeting for 5:45 p.m. on Monday, June 17, 1996,at the Elk River City Hall Council Chambers. The purpose of this special meeting is to hold a public hearing to receive input on TIF Plan No. 15, to consider TIF Plan No. 15 after receiving input, and to consider the developer agreement between the city/EDA and McChesney Cabinets associated with TIF No. 15. eda\meetings\tif 15hrg • P.O. Box 490 • 13065 Orono Parkway • Elk River, MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425 Equal Opportunity Housing and Equal Opportunity Employment