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� City of Elk River <br />Ver Planning Commission <br />Resolution 21-04 <br />A Resolution of the Planning Commission of the City of Elk River <br />Concerning Development District No. I and a Proposed Tax Increment <br />Financing District of the City of Elk River, Minnesota <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 additional public <br />development and redevelopment costs and activities, establish Tax Increment Financing <br />District (Housing) No. 28 Gackson Hills Phase II Housing Project) (the "TIF District") <br />within Development District No. 1, and adopt the Tax Increment Financing Plan relating <br />thereto (the "TIF Plan" and, together with the Program, the "Project"), all pursuant to and <br />in conformity with applicable law, including Minnesota Statutes, 469.124 to 469.133 and <br />Sections 469.174 to 469.1794, as amended (the "TIF Act"), has been submitted to the City <br />of Elk River Planning Commission (the "Commission"); and <br />WHEREAS, the Commission has reviewed the Project to determine the consistency of the <br />Project with the comprehensive plan for the City of Elk River; and <br />WHEREAS, the Planning Commission's review of the Projects relates solely to <br />compliance with the TIF Act. The Planning Commission shall undertake a detailed review <br />of the proposed plans described in the TIF Plan as part of the City's normal planning <br />process on a later date. <br />NOW, THEREFORE, BE IT RESOLVED by the Planning Commission of the City of <br />Elk River, Minnesota, as follows: the Project is consistent with the comprehensive plan for <br />the City of Elk River and conform to general plans for development or redevelopment of <br />the City as a whole. <br />Passed and adopted this 21" day of December 2021. <br />ATTEST: <br />Tina Allard, City Clerk <br />Perry B se, Vice -Chair <br />p0VIAEI II <br />INATUn <br />