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City of Elk River Tax Increment Financing Policy & Application- Housing <br />Amended April 8 2015 <br />Page 6 of 14 <br />2. City staff reviews the application and completes the Housing Worksheets. The <br />Housing Worksheets are primarily designed to score the desirability of the <br />proposed project. Housing projects will be evaluated on a case-by-case basis <br />and as the projects meet the city’s desired objectives. <br /> <br />3. Results of the Housing Worksheets are submitted to the appropriate governing <br />authorities (EDA or HRA) for recommendation to the City Council of approval <br />or denial of the request. <br /> <br />4. If preliminary approval is granted, the Tax Increment Financing Plan, along <br />with all necessary notices, resolutions are prepared by City staff and/or <br />consultants. <br /> <br />5. Notices are published and sent to the county and school board. <br /> <br />6. Public hearing(s) on the proposed request are held. <br /> <br />7. The City Council grants final approval or denial of the request. <br />