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3. The Joint Finance Committee shall review the proposal's financial strength and makes a <br /> recommendation to the appropriate commission with findings of fact. <br /> 4. The appropriate authority reviews the proposal and the recommendation to determine conformance <br /> with this policy. The authority makes a recommendation to the City Council. <br /> 5. The City Council holds a Public Hearing and takes action on the proposal. <br /> Page 4 of 8 <br />