6.1. PCSR 12-21-2021 - Laserfiche WebLink

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Request for Action Cir•ci Elk - River= To Item Number Planning Commission 6.1 Agenda Section Meeting Date Prepared by General Business December 21, 2021 Zack Carlton,Planning Manager Item Description Reviewed by Resolution: TIF District No. 28 Consistency with the Comprehensive Plan Reviewed by Action Requested Approve,by motion,a resolution confirming that the proposed TIF District and plan conforms to the city's Comprehensive Plan. Background/Discussion The Jackson Hills Phase II housing project is a proposed 44-unit multi-family residential apartment building at the northwest corner of Jackson Ave and entrance to the Elk River Boys and Girls Club. The project will include approximately nine units of affordable housing. The building will look similar to the first Jackson Hills project,immediately south of the currently proposed project. At this time,the project is still in the early design stages and the applicant has only made application for city financing through establishment of a Tax Increment Financing District. The applicant still requires land use and zoning approvals prior to any sort of construction on the site, and approval of this resolution does not constitute approval of any zoning or land use applications. The Comprehensive Plan guides this property for Multifamily Residential Uses. This land use designation includes higher density apartment complexes. Based on the recently adopted Comprehensive Plan, the proposed use is consistent with the vision for the community. Financial Impact None Mission/Policy/Goal ■ Responsibly grow ■ Ethical, efficient,and responsible Attachments ■ Resolution ■ Memo Regarding the TIF Application ■ TIF Plan The Elk River Vision P O N E R E o R Y A welcoming community avith revolutionary and spirited resourcefulness, exceptional [NAWR service, and community engagement that encourages and inspires prosperity. Updated.August 2020