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Step 2. (D)The A licant shall a a se arate fee for the Step 2 review rocess. (E)The Applicant shall provide additional background information 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 'obs created and/or housing units to be built-, and the proposed development schedule. (G)'Fhe Applicant shall provide a list of the proiect team members including the principal developer, partners architects engineers, attorneys and other professionals. This should also includea summpa of their experiences on development projects. (II)The Applicant shall provide a description of at least three (3) previous projects that have been completed by the Applicant or are in process at the time of application. (I) Other information as deemed appLopriate by the City. (J) All Step 2 ao lications shall be referred to the Economic Development Commission for review and recommendation, prior to consideration by the City Council. (4) If the Cid Council gp roves the Sten 2 application, City Council may authorize the preparation of a tcrm sheet and/or contract for private redevelopment. The Applicant shall make a cash deposit to the Ci _ for payment of professional services required by the Ci1y, i*ludingpreparation of legal aureements public notices; tax increment financier plans; document recordings and other costs incurred by the City. (S) In the event an Applicant does not proceed with a project, the City shall refund monies held in the escrow account, but onl�.after deducting sufficient funds to pay outstanding bills for professional services. All Step 1 and 2 application fees are non - by the Ci!y Council. Sec. 2-183. TYnes of Assistance The City tnay,provide municipal development financial assistance as authorized under Minnesota law. The City Council may adopt a separate policy with regard to the criteria for selecting projects and determining the level of financial assistance. Sec. 2-184-2-189. Reserved. This ordinance is effective the date following its publication. Adopted this day of , 2008.