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<br /> <br />Page 4 of 8 <br />2. City staff reviews the application for completeness and submits the application to the city’s financial <br />consultant for review and preparation of a financial analysis. <br /> <br />3. The Joint Finance Committee shall review the proposal’s financial strength and make a <br />recommendation to the appropriate commission with findings of fact. <br /> <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 /> <br />5. After meeting the statutory requirements for establishing the Tax Increment District, the City <br />Council holds a Public Hearing and takes action on the proposal (Approximately 45-60 days).