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City of Elk River,Minnesota <br /> Creation of a Tax Increment Financing Plan for <br /> Tax Increment Financing(Redevelopment)District No. <br /> (Elk River Lodge and Residential Suites Proposed Project) <br /> Ptopos,eo $06- d',ule, Ewellt$ <br /> Date Event Responsible Party <br /> Evaluate Developer information and drafting of TIF Plan City, Kennedy & Graven, <br /> Ongoing Spring 2017 Determine project area status—creation and/or modification as necessary Springsted <br /> Review ppanning process requirements <br /> Establishment of TIF Plan andTIF District <br /> Publication of notice of Planning Commission meeting on land use City <br /> applications in 8tar'News <br /> , <br /> Monday,April 3, 2017 Application and Supporting Financial Materials Received from Applicant Developer <br /> Preliminary initial determination of substandard buildings)made on all <br /> buildings within Redevelopment District <br /> Tuesday,April 25,2017 EDA Finance Committee reviews TNF Redevelopment application City, Kennedy&Graven, <br /> at 7:30arn Springsted <br /> Planning Commission reviews and considers land use applications City <br /> I — ' <br /> 'Monday, May 1,2017 City Council calls for public hearing(optional) Springsted City, Kennedy&Graven,' <br /> City Council reviews and considers land use applications, Cfty <br /> Monday, County Commissioner receives notification letter Springsted <br /> May 15,2017 (at least 30 days prior to publication of notice of public hearing) <br /> Tuesday, City Planning Commission reviews draft TIF plan and Development Program City, Kennedy&Graven <br /> May 23,2017 <br /> Friday, County and School District receive impact letters&draft TIF plan for Springsted <br /> June 2, 2017 TIF(Redevelopment)District (at least 30 days prior to public hearing) <br /> Saturday, PuNication of notice of public hearing in Star News Springsted <br /> June 17, 2017 (1'0-30 days prior to public hearing) <br /> Monday,June 5 Housing and Redevelopment Authority reviews TIF Plan and TIF District and City, Kennedy&Graven, <br /> at 5:30pm Development Program and Development District and provides Springsted <br /> recommendation to Cit Council <br /> Monday, City Council holds public hearing, and considers resolution establishing TIF City, Kennedy&Graven, <br /> July 3,2017 Plan and TIF District and Development Program and Development District Springsted <br /> Monday, City Council reviews and considers Development Agreement City, Kennedy&Graven, <br /> July 3,2017 Springsted <br /> After July 3 State filing and request for County certification Springsted <br />