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<br />VII. APPLICATION PROCESS FOR TRF <br /> <br />A. CITY OF ELK RIVER <br />1. Applicant submits the completed application along with a $5,000 application fee. <br />The application fee will be used toward the cost of services provided in the <br />evaluation of financial feasibility and preparation of legal documents. The balance <br />of the application fee will be returned to the applicant. <br /> <br />2. City staff reviews the application and completes the Application Review <br />Worksheet. <br /> <br />3. Results of the Worksheet are submitted to the appropriate governing authorities <br />for preliminary approval of the proposal. <br /> <br />4. If preliminary approval is granted, all necessary notices, resolutions and agreements <br />are prepared by City staff and! or consultants. <br /> <br />5. Public hearing(s) on the proposed project are held. <br /> <br />6. The EDA or HRA recommends approval or denial of the proposal to the City <br />Council. <br /> <br />7. The City Council grants final approval or denial of the proposal. <br /> <br />B. APPLICATIONS TO OTHER POLITICAL SUBDIVISIONS <br />It is recommended that applicants intending to seek TRF from Sherburne County <br />and! or School District 728 make their applications to those bodies concurrent with <br />their application to the City of Elk River. For more information on applying for TRF <br />through Sherburne County and! or School District 728, contact: <br /> <br />Brian Benson <br />Sherburne County Administrator <br />763-241-2701 <br /> <br />Dr. Alan] ensen <br />Superintendent - School District 728 <br />763-241-3400 <br /> <br />City of Elk River <br /> <br />Tax Rebate Financing Policy, Amended August 2002 <br /> <br />- 7 - <br />