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STAFF ORIGINATOR: <br />DATE: <br />TOPIC: <br />BACKGROUND: <br />ENDA ITEM 6 <br />Brian Wessel <br />4/28/97 <br />Resolution No. 97-09 adopting a modified Tax <br />Increment Financing Plan for TIF District No. 3-1 <br />(Clearwater Creek Development Center) <br />The EDA authorized preparation of the modification of TIF District 3-1 on March <br />24. This modification was in response to a development proposal by GNW <br />Machine, Inc. to construct a 40,664-square foot office/manufacturing facility on <br />4.2 acres in the Clearwater Creek Development Center. Copies of the plan were <br />sent to Anoka County and White Bear School District for review. This resolution <br />states that the EDA finds the objectives for encouraging development to be met <br />with the modification of the plan. <br />OPTIONS: <br />1. Adopt Resolution No. 97-09 for the modification of the Tax Increment <br />Financing Plan for TIF District No. 3-1 <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />