COUNTY OF SHERBURNE
STATE OF MINNESOTA
NOTICE OF PUBLIC HEARING
ON ESTABLISHMENT OF TAX INCREMENT FINANCING
(REDEVELOPMENT) DISTRICT NO. 24 AND MODIFICATION OF DEVELOPMENT DISTRICT NO. 1
NOTICE IS HEREBY GIVEN that the City Council of the City of Elk River, Sherburne County, State of Minnesota, will hold a public hearing on July 3, 2017, at approximately 6:30 P.M. at the City Hall, 13065 Orono Parkway, Elk River, Minnesota, relating to (1) the proposed adoption of a Modification to the Development Program for Development District No. 1 (the Development District), (2) the proposed establishment of the Tax Increment Financing (Redevelopment) District No. 24 (The Truck Shop Project) (the TIF District) within Development District No. 1, and (3) the proposed adoption of a Tax Increment Financing Plan (the TIF Plan) therefor, pursuant to Minnesota Statutes, 469.090 to 469.1082 and Sections 469.174 to 469.1794, as amended. Copies of the Modification to the Development Program and TIF Plan are on file and available for public inspection at the office of the Economic Development Director at City Hall.
The property to be included in the TIF District is located within Development District No. 1 and the City of Elk River. A map of Development District No. 1 and the TIF District is set forth below. Subject to certain limitations, tax increment from the TIF District may be spent on eligible uses within the boundaries of Development District No. 1.
All interested persons may appear at the hearing and present their views orally or prior to the meeting in writing.
Dated: June 17, 2017
BY ORDER OF THE CITY COUNCIL OF THE CITY OF ELK RIVER, MINNESOTA
/s/ Tina Allard
Published in the
June 17, 2017