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• {Formatted:Tabs:Not at 1"
<br /> Step 2:
<br /> (D)The applicant shall pay a separate fee for the Phase 2 review process. [Formatted:Bullets and Numbering
<br /> (E)The applicant shall provide additional background information on the project,which
<br /> at a minimum must include a project sources and uses statement,a cash flow - Formatted:Indent:Left: 0.73",
<br /> statement and other information deemed appropriate by the City. Tabs:Not at 1"
<br /> (F)The applicant shall provide a description of the project goals,such as the scope of • Formatted:Numbered+Level:1+
<br /> Development;number of jobs created and/or housing units to be built:and the Numbering Style:A,B,C,...+Start
<br /> at:1+Alignment:Left+Aligned at:
<br /> proposed development schedule. 0.5"+Tab after: 1"+Indent at: 1"
<br /> (G)A list of the project team members including the principal developer,partners, (Formatted:Indent:Left: 0.73"
<br /> architects,engineers,attorneys and other professionals. This should also include a Form :Numbered+Level:1+
<br /> summary of their experiences on development projects. Numbering Style:A,B,C,...+Start
<br /> (H)A description of at least three(3)previous projects that have been completed or are in�, `•, at.1+Alignment:Left+Aligned at:
<br /> 0.5"+Tab after: 1"+Indent at: 1",
<br /> process at the time of application. t'• '., Tabs:Not at 0.5"
<br /> (I) Other information,as deemed appropriate by the City. ` `., Formatted:Indent:Left: 0.73",
<br /> (J) All Phase 2 applications shall be referred to the Economic Development Commission t Tabs:Not at 0.5"+ 1"
<br /> for review and recommendation,prior to consideration by the City Council. « 4,4. ' Formatted:Numbered+Level:1+
<br /> Numbering Style:A,B,C,...+Start
<br /> (4) If the CityCouncil approves the Phase 2 application,CityCouncil mayauthorize the t, at:1+Alignment:Left+Aligned at:
<br /> pp Pp 0.5"+Tab after: 1^+Indent at: 1",
<br /> preparation of a term sheet and/or contract for private redevelopment. The applicant shall \ Tabs:Not at 0.5"
<br /> make a cash deposit to the City for payment of professional services required by the City, Formatted:Indent:Left: 0.5",
<br /> including preparation of legal agreements;public notices:tax increment financing plans; ,Tabs:Not at 0.5"+ 1"
<br /> document recordings and other costs incurred by the City. Formatted:Numbered+Level:1+
<br /> Numbering Style:A,B,C,...+Start
<br /> '; ,': at:1+Alignment:Left+Aligned at:
<br /> f51 In the event an applicant does not proceed with a project,the City shall refund any •;i ';'. 0.5"+Tab after: 1"+Indent at: 1",
<br /> monies held in the escrow account,but only after deducting sufficient funds to pay ?'. Tabs:Not at 0.5"
<br /> outstanding bills for professional services. All Phase I and 2 application fees are non- �^�+ Indent:Left: o,s
<br /> Tabs:Not at 0.5"+ 1"
<br /> refundable, unless waived by the City Council. Formatted:Numbered+Level:1+
<br /> Numbering Style:1,2,3,...+Start
<br /> Sec.2-183.Types of Assistance at:4+Alignment:Left+Aligned at:
<br /> ; 0.2 5"+Tab after: 0.5"+Indent at:
<br /> '; 0.5",Tabs: 0.25",Left
<br /> The City may provide municipal development financial assistance as authorized under '; Formatted:Indent:Left: 0.25",
<br /> Minnesota law. The City Council may adopt a separate policy with regard to the criteria for Tabs: 0.25",Left+Not at 0.5"
<br /> selecting projects and determining the level of financial assistance. Formatted:Numbered+Level:1+
<br /> Numbering Style:1,2,3,...+Start
<br /> at:4+Alignment:Left+Aligned at:
<br /> Sec.2-184-2-189.Reserved. 0.25' +Tab after: 0.5"+Indent at:
<br /> 0.5",Tabs: 0.25",Left
<br /> This ordinance is effective the date following its publication.
<br /> Adopted this day of ,2008.
<br />
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