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STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON ORDINANCE NO.774 AN ORDINANCE RELATING TO REQUESTS FOR MUNICIPAL DEVELOPMENT ASSISTANCE; ADDING ARTICLE 8 TO CHAPTER 2 OF THE CITY CODE THE CITY COUNCIL OF THE CITY OF NEW BRIGHTON DOES ORDAIN•AS FOLLOWS: The City Code is hereby amended by adding Article 8 to Chapter 2 as follows: Article 8. Requdsts for Municipal Development Financial Assistance Sec. 2-180. General Conditions The City is authorized . to conduct certain economic development activities under Minnesota Statutes, Chapter 469: The purpose of this Article is to regulate how the City processes requests for economic development assistance by privates parties, Including rofivate for- profit and non-profit entities, Sec. 2-181. I ogglation,00id,.jWtp j,, (1) All requests for aaelstance ow, be made in writing on ipmis Approved by City Manager or lite `Marlaogr's. deslgnee. (2) The City Council Shad establish by resolution the smouht of all application 'fees and related charges to be pW at., the time of application. These fees and:. charges are non-refundable, unless'' waived by the City Council: (3) All requests for assistance Alta# be. handled In a two ' atep , process, ` 0, described below: Step 1:" (A) Interested parties shall complete an exploratory, appNi*Monand pays fee to (B) The exploratory application shah provide a written narrative of the proposed project and an explanation of the financial assistance that is needed.. (C) The City shall refer the exploratory application to the City Council for discussion at an available works sesslon. If the City Council shows interest -in the project, the Applicant shall be directed to complete the process described in Step 2. The City Council reserves any and all rights with respect to providing or declining to provide financial assistance to the project.' Step 2: (D) The Applicant shall pay a separate fee for the Step 2 review procealk' (E) The Applicant" Shall provide additional background irdorniation on the project, which at a minimum must include a project sources and uses statement, a cash flow statement and other information deemed appropriate by the City. (F) The Applicant shall provide a description of the project goals, such as the scope of Development; number of jobs created andlor'housing units to be built; and the proposed development schedule. , (G) The ApplldW sftah'pt"ovkfe a list of the project team members including the principal devek)per,.partners, architects, engineers, attorneys and other professionals. This should also include a summary. of their experiences on development projects. (H) The, Applicant shall provide a description, at 4east three (3),previous. projects that have been completed by, the Applicant or ari in process at the time of application. (1) Other information, as deemed appropriate by the City. (J) All Step 2 applications shall. be referred to the Economic Development Commission for review, land recommendation, prior to consideration by the City Council: (4) If the City Council approves the Step 2 application, City Council may authorize the preparation of a term sheet and/or contract for private redevelopment. The Applicant shall make a cash deposit. to the City for payment of professional services required by the City, including preparation of legal agreements; public notices; tax Increment financing plaits; document recordings and other costs incurred by the City. (5) In the event an Applicant does not proceed with a project; the City shall refund any -monies, . hold in .the cash deposit, but only after deducting sufficlent•funds to pay outstanding bills for professional services, All Step 1 and 2 application fees are non-refundable, . unless waived by the City Council. Cac. 2.189. Types of Assistance The City may provide municipal development tihancial assistance as auth Mud under Minnesota law. The Ctlyr:,)Counoil may adopt a separate pock: with regard to the criteria for selecting projects and determining the 16901 of`fin inpial assistance. Sec.2-11111 "2-189. Reserved. phis ordinance is effective the date following its publication. Adopted this 10th day of March 2009. Steve Larson, Mayor Dean R. Lotter,, City Mptwper ATTEST. Daniel A. Malet�, irgctor of Finance and Support Services / Grity Clerk (Bulletin; Mar. 18, 2009)