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City of Elk River, Minnesota <br />Timeline for <br />Establishment of Tax Increment Financing (Housing) District No. 25 <br />(Jackson Hills and Elk River Lodge Residential Housing Projects) <br />Schedule of Events <br />Date <br />Event <br />Responsible Party <br />January 2018 <br />Submission of Tax Increment Financing Application and Request for Assistance <br />Developer / City <br />January/February <br />2018 <br />Initial review of project components and tax increment analysis <br />City/ Springsted/ <br />Kennedy &Graven <br />Prior to January 25, <br />2018 <br />Tax Increment Analysis complete for City staff review <br />Springsted <br />January 31, 2018 <br />7:30 AM <br />Elk River Joint Finance Committee meeting to review application and analysis <br />and provide recommendation to HRA <br />EDA Finance Committee <br />/ City staff / Springsted <br />Monday, <br />February 5, 2018 <br />Elk River Housing and Redevelopment Authority (HRA) review of TIF application <br />and supporting materials (financial and policy) to provide recommendation to City <br />Council in advance of City Council work session discussion <br />HRA/City <br />staff/Springsted <br />Monday, <br />February 5, 2018 <br />City Council work session to review TIF application and supporting materials <br />(financial and policy) <br />City/City staff/ <br />Springsted <br />Tuesday, <br />February 20, 2018 <br />City Council meeting to review and take action on TIF application <br />City/City staff/ <br />Springsted <br />Wednesday, <br />February 28, 2018 <br />County Commissioner receives notification letter <br />(at least 30 days prior to publication of notice of public hearing) <br />Springsted <br />Wednesday, <br />March 14, 2018 <br />County and School District receive impact letters & draft TIF plan <br />(at least 30 days prior to public hearing) <br />Springsted <br />Tuesday, March 27 <br />6:30 PM <br />Planning Commission reviews and adopts resolution <br />City / Springsted / <br />Kennedy & Graven <br />Wednesday, March 28 <br />5:00 PM <br />Deadline to submit Hearing Notice to paper (Elk River Star News) for <br />publication on March 31, 2018 <br />Springsted <br />Saturday, <br />March 31, 2018 <br />Publication of notice of public hearing in Elk River Star News for City TIF District <br />establishment (at least 10 days prior to public hearing) <br />Springsted <br />Monday, <br />City Council holds public hearing and considers resolution approving TIF Plan <br />City / Springsted / <br />IIIfIriIIS g StG <br />