Laserfiche WebLink
I~DLICY fOR PROCESSING P~QUF~TS fOr FINANCIAL <br /> ASSISTANf~ IN ~HE TAX INCREMENT FINANCING <br /> DEVELOPMENT DISTRICT <br /> <br />Section 1. City Staff receives the request (see attached sheet <br />for information necessary with application) from the developer <br />and reviews it with respect to the following matters. <br /> <br />ae <br /> <br />Information regarding a complete description of the <br />project including location and type of develoI~ent, <br />total project oost, and total full-ti~e, permanent <br />e~pl~t created, if applicable. <br /> <br />B. Information regarding description of request, including <br /> timetable, and any specifications and cost estimates. <br /> <br />Ce <br /> <br />Refer to City's fiscal consultant for their review for <br />financial feasibility. If request is financially feasible, <br />fiscal consultants may recommend/suggest possible <br />structure(s) for financing request. <br /> <br />Dm <br /> <br />Refer to City's bond counsel for review as to legal <br />feasibility. If request is legally feasible, bond <br />counsel will determine whether tax incr~ent documents <br />need to be n~dified and/or public hearing process is <br />necessary. (If hearing is necessary, City Staff will <br />notify developer of additional ti~e involved.) <br /> <br />If request is legally and financially feasible, Staff will <br />forward its findings and those of bond counsel and fiscal <br />consultant to Planning and Zoning and Economic Development <br />Commissions for their review and reco~endations. <br /> <br />Section 2. The Planning and Zoning Commission reviews the request <br />with respect to the following matters: <br /> <br />A. Is the request consistent with the City's Comprehensive <br /> Plan? <br /> <br />B. Is the request appropriate ~der the City's Zoning Ox]e? <br /> <br />Section 3. The Economic Development Commission reviews the <br />request with respect to the following matters: <br /> <br />A. Will the request lead to an increase of full-ti~e <br /> permanent ~ploywent opportunities in the City? <br /> <br />B. Will the request allow the expansion/retention of <br /> a local business? <br /> <br /> <br />