Laserfiche WebLink
POLICY fOR PRO(~SSING P~~ FOR FINANCIAL <br /> ASSISTAN(~ IN ~E TAX IN(~F2~2~T FINANCING <br /> DEVf~ DIS~RIC~ <br /> <br />Section 1. City Staff receives the request (see attached sheet <br />for information necessary with application) fro~ the developer <br />and reviews it with respect to the follc~ing matters. <br /> <br />Information regarding a o~rplete description of the <br />project including location and type of develoi~ent, <br />total project oost, and total full-ti~e, permanent <br />e~plo~t created, if applicable. <br /> <br />B. Information regarding description of request, including <br /> timetable, and any specifications and cost estimates. <br /> <br />Refer to City's fiscal oonsultant for their review for <br />financial feasibility. If request is financially feasible, <br />fiscal consultants may reco~mem~/suggest possible <br />structure(s) for financing request. <br /> <br />Refer to City's bond counsel for review as to legal <br />feasibility. If request is legally feasible, bond <br />counsel will determir~ whether tax increment doc~ents <br />need to be modified and/or public hearing prooess is <br />necessary. (If hearing is neoessary, City Staff will <br />notify developer of additional time 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 />C~n~issions for their review and reoommendations. <br /> <br />Section 2. The Plar~ and Zoning C(m~ission reviews the request <br />with respect to the following matters: <br /> <br />A. Is the request consistent with the City's Om~prehensive <br /> Plan? <br /> <br />B. Is the request appropriate under the City's Zoning Code? <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-time <br /> permanent e~ployment opportunities in the City? <br /> <br />B. Will the request allow the expansion/retention of <br /> a local business? <br /> <br /> <br />