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Vii. APPLICATION PROCESS FOR TRF <br /> <br />CITY OF ELK RIVER <br />Applicant submits the completed application along with a $5,000 application fee. <br />The application fee will be used toward the cost of se~ices provided in the <br />evaluation of £mancial feasibility and preparation of legal documents. The balance <br />of the application fee will be returned to the applicant. <br /> <br />2. Ci~ staff reviews the application and completes the Application Review <br /> Worksheet. <br /> <br />3. Results of the Worksheet are submitted to the appropriate governing authorities <br /> for preliminary approval of the proposal. <br /> <br />4. If preliminary approval is granted, ali necessary notices, resolutions and agreements <br /> are prepared by City staff and/or consultants. <br /> <br />5. Public hearing(s) on the proposed project are held. <br /> <br />6. The EDA or HRA recommends approval or denial of the proposal to the City <br /> Council. <br /> <br />7. The City Council grants 'final approval or denial of the proposal. <br /> <br />B. APPLICATIONS TO OTHER POLITICAL SUBDIVISIONS <br /> It is recommended that applicants intending to seek TRF from Sherbume County <br /> and/or School District 728 make their applications to those bodies concurrent with <br /> their application to the City of Elk River. For more information on applying for TRF <br /> through Sherburne County and/or School District 728, contact: <br /> <br />Alex Wikstrom <br />Sherburne County Budget / Economic Development Coordinator <br />763-241-2700 <br /> <br />Dr. Alan Jensen <br />Superintendent- School District 728 <br />763-241-3400 <br /> <br />Ciw of Elk Privet <br />Tax Rebate Fh~zmcing Poli~, Amended August 2002 <br /> <br />-7- <br /> <br /> <br />