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VII. APPLICATION PROCESS FOR TAX ABATEMENT <br />A. CITY OF ELK RIVER <br />Applicant submits the completed application along with a non- <br />refundable $5,000 application deposit. The application deposit will <br />be used toward the cost of services provided in the evaluation of <br />financial feasibility and preparation of legal documents and <br />agreements. Projects that demand professional services in excess of <br />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 axe submitted to the appropriate governing <br />authorities (EDA ox HRA) for recommendation to the City Council <br />of approval ox denial of the request. <br />4. If preliminary approval is granted, all necessary notices, resolutions <br />and agreements axe prepared by City staff and/ox consultants. <br />5. Public hearing(s) on the proposed request axe held. <br />6. The City Council grants fmal approval ox 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/or School District 728 make their applications to <br />those bodies concurrent with their application to the City of Elk River. Fox <br />more information on applying fox Tax Abatement through Sherburne <br />County and/or School District 728, contact: <br />Sherburne County Administrator <br />763-241-2701 <br />School District 728 Superintendent <br />763-241-3400 <br />City of Elk River <br />Tax Abatement Policy <br />Amended :stay 2006 <br />7- <br />