7.0. HRSR 07-23-2001 - Laserfiche WebLink

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3. For housing projects, the number, type and affordability of new or newly available housing units. 4. The projected increase in property tax revenue. 5. The amount of equity participation above 20%. 6. The quality of the project, as represented by renderings, site plans, the applicant's record of development, etcetera. 7. The project's impact on additional City services. The view of individuals and businesses expressed at the public hearing on the project will also be considered. C. Procedural Provisions 1. A project will not be given final approval until all City planning and zoning requirements have been met and all related permits and approvals have been issued. Planning and zoning matters may be considered simultaneously with preliminary approval of the project. • 2. City officials will not deliver documents for the issuance of tax exempt obligations until all required fees have been paid by the applicant to the City. 3. The Council resolution giving preliminary approval to a project shall specify: a. That the approval given terminates one year from the date of the resolution and may be renewed only upon request of the applicant. b. That the applicant agrees to pay all required fees and reimburse the City for any and all costs incurred by it in the financing, whether of not the bonds are issued. c. That the City reserves the right in its sole discretion to withdraw the preliminary approval at any time prior to the issuance of the obligations of the project. 4. The Director of Economic Development is responsible for the administration and processing of applications for conduit bonding. The Director of Economic Development is to prepare and revise from time to time, necessary application forms and informational material in order to carry out the objectives of this policy. 3 July 19,2001