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.'• <br />tin~3i.ny would not :usult in the adoption of the <br />l~rc:limindry resolution required by the-State <br />t)Cp;..11"tnlCnt of Economic t~evel~pment. If the City.. <br />c.'uuri~il determines that the E>roject hd5 merit and <br />would tJe "deserving of furtherconsideration for. the. <br />iu5usn~:e of a tax exempt ins:.cument", then the applicant <br />would t,z dir`ctzd to proc~:ed throuc3h the City's <br />r~yiilar plccnniny approval process, if the applicant has. <br />r r~~ t done sb . <br />5. 't~t-tu aE~Nlicant is than directed to tht City's planning <br />stat t to furnish ttLit reyuired subrni~.tals fur review <br />E~y thu CLty's 13odr~•uf ltevi~w. <br />6. At-such tinru as the applicant and his project come <br />to the City c:ounci 1 from thy: Board of Review, the <br />-°ity Council would then, simultaneously with receiving <br />t!~~ t3u.~rd of heviuw`-~ ruC<~tu:uunddtion, consider <br />s~;ttirry thy: public truariny recluir~d in order to <br />,~.iot~c thu preliminary i-c.sulutiun which is reyuired <br />tc~ cn,lt,le the a1,pl icant to ;wail himself of a tax <br />~.xc~n~l,t instrument. At such. date. and time that the <br />E~ut~l is h~ariny is hClci c,n the reducst for tax exempt. <br />r ina,-ciny the Clty Cuurrcr 1 nt.~y also- hUl~i wtiatevc:r <br />h~:arirry .~•-r. Cuucrcil ~:ur,sicier~tiuns a,r~ raccac:sssry- un. the <br />r~.rvrr-,i1 of the pru~e.c.t crcim the E3~ard of Etaviow. If <br />tt,t ~'ity Council adopts the preliminary resolution, <br />t!ru shhli~snt sha11 prorc.~~i with his project and <br />r~~turcr to the City Council to be sch~dulccl fur a <br />aul;5~yucnt regular a~3~ncla fur Final apl,roval of the- <br />t..~x ~rx~mpt instruut~nt. <br />All .,l,pl i~:3nts iur tax ~xvrnl,t t i nat,ciny ttiruuyh the City, <br />,r~:kitc~wl`~igc; by their f i ling cif the .~phl ication .that the <br />~'ity ~'vuric~il rul.,ins solo ,~utt,oril.y to determine the <br />n~~~rits vE lurtciin~~ the City's tax c:xe,npt status to a <br />t~r~;j~~._t. 'i'!,~' City ~uur,c.ll i5 n~~ithcr supportive nor <br />rn.n-5ul,t~~,rtive c,r a univc~ra.rt .~t~!~Iicatiun of the Minnesota <br />Inctt,str i,~l (r~vc:tc,t~nt~nt Act ut I'Ib7, as au~~ncled, srld <br />th~~r~[~,r~_ will rc,tain tc,t:~l cliscr~tiun as to the applicability. <br />~,[ thu Amt t'c)r the City ~~f Nc.w Liriyhtun. <br />U:; ::: ). <br />.• <br />