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<br />finding would not result in the adoption of the <br />preliminary resolution required by the State <br />Uep:~rtment of Economic t~evelopment. If the City <br />t'ounc:il du t4rmines that thz project has merit and <br />would be "d~:serviny of further consideration for the <br />issuance of a tax exempt instrument", then the applicant <br />would tje diroctzd to proceod through the City'S <br />r~yular pl~rnnirry approval process, if the applicant has <br />r rc~ t done so . <br />5. 't'he: applicant is than directed to the City's planning <br />st:~rt to furnish t}~ reyuired subrniEtals fur review <br />try ttiv City'S Board" of lztvi~w. <br />6. At such tint` as the applicant and his project come <br />to the City Council from the Board of Review, the <br />~.'ity Council would then, simultaneously with receiving <br />the ~iiUard Ur FZE.vlt.'.W'a' rt?C(~llLritJrldatlOn, ~:OIr5lCler <br />sit t my the public il~ariny rc:~luired in order to <br />.a~ic~pt the preliminary i-e5o}utiun which is required <br />t<, ~:rrable the appl ioant to avail himself of a tax <br />~,xt_n,pt instrument. At such date and time that the <br />public hearing is held un the request for tax exempt <br />tinarrciny the City ~uurccil nra,y also hold whatever <br />h~.xr i n<~ vi_- r.ounc it c.un5 i citt~a burrs are nrce5sary on the <br />r~.r~rr.~l of the projtut frc~rn the Board of Review. If <br />ttre ~'ity Council adepts the t~rcliminary resolution, <br />ttl~ applicant shall prc~c~c.ed with his project and <br />rGturri to tho City Cuunuil to bC SchCduled for a <br />su}~5r;yuent regular a~3i~nda tar final api~r-oval of the <br />t.~x exempt irrstrutuent. <br />All aj~pliuants tar tax exempt tinarrciny thxuuyh the City, <br />a~:knc,wlGcjge by their f i limy of the application that the <br />City i'c~urrcil r~t~rins sale auttrurit.y to determine the <br />n«rits or le:rrclin~j the City's tax exempt status to a <br />t,r~~j~>~_t. '1'h.' (_it.y C'uunc:il i5 neither supEx~rtive nor <br />r,~,r~-srrpt~urtive r>t a trniv~~r::t.,l application of the Minnesota <br />t ndr_tstria L t)CVc 1<.~pm~nt Ac`t ut 1 cjb7, as an,~nded, and <br />t}r~~rc.t~~rc_ wi11~ r<~tain tutorl c3iscLUtiun a5 to the applicability <br />ut the flat tc)r the City of N~.w iiriyhtun. <br />U:; L : ) ~1 <br />.~• <br />