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the initial deposit shall be required to reimburse the City fox the <br />additional expenses. <br />2. City staff reviews the application and completes the Application <br />Review Worksheet. <br />3. Results of the Worksheet are submitted to the appropriate governing <br />authorities (EDA ox HRA) fox recommendation to the City Council <br />of approval or denial of the request <br />4. If pxelixxurxary approval is granted, all necessary notices, resolutions <br />and agreements are prepared by City staff and/or consultants. <br />5. Public hearing(s) on the proposed request are held. <br />6. The City Council giants final approval or denial of the request. <br />B. APPLICATIONS TO OTHER JURISDICTIONS <br />It is recommended that applicants intending to seek Tax Abatement from <br />Sherburne County and/ox School District 728 make their applications to <br />those bodies concurrent with their application to the City of Elk River. Fox <br />more infoxmadon on applying for Tax Abatement through Sherburne <br />County and/ox School District 728, contact: <br />Sherburne County Adtninistratox <br />763-241-2701 <br />School District 728 Superintendent <br />763-241-3400 <br />City of Elk River <br />Tax Abatement Pohcy <br />1°~ Draft Amended March 2006 <br />- 7- <br />