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RESOLUTION NO. 17-01 <br /> CITY OF ELK RIVER <br /> RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF ELK RIVER <br /> ELK RIVER CONCERNING DEVELOPMENT DISTRICT NO. I AND A <br /> PROPOSED TAX INCREMENT FINANCING DISTRICT OF THE CITY OF ELK <br /> RIVER <br /> WHEREAS, the proposal by the City of Elk River,Minnesota to amend the Development <br /> Program for Development District No. 1 (the "Program") to reflect increased public development <br /> and redevelopment costs and activities, establish Tax Increment Financing (Redevelopment) District <br /> No. 24 (Beaudry Redevelopment Project), and adopt the Tax Increment Financing Plan relating <br /> thereto (the "TIF Plan"and, together with the Program, the "Plans"), all pursuant to and in <br /> conformity with applicable law,including Minnesota Statutes, 469.124 to 469.133 and Sections <br /> 469.174 to 469.1794,as amended,has been submitted to the City of Elk River Planning Commission <br /> (the "Commission");and <br /> WHEREAS, the Commission has reviewed the Plans to determine the consistency of the <br /> Plans with the comprehensive plan for the City of Elk River. <br /> NOW THEREFORE, BE IT RESOLVED AND DETERMINED by the th City of Elk <br /> tY <br /> �_• River Planning Commission that the Plans are consistent with the ve i <br /> ens <br /> h <br /> re <br /> com plan for the City <br /> p ty <br /> of Elk River and conform to general plans for development or redevelopment of the City as a <br /> whole. <br /> Adopted this 27th day of June, 2017. .� <br /> 14;fic-401444sofl. aur <br /> Commission Chair <br /> 501899v1 JSB EL185-52 <br />