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EDA TIF Request Page 3 <br />March 11, 1996 <br /> <br />The EDA should also note that the City Council will be considering a <br />resolution on 3/11/96 to support Marketech's loan request to the Central <br />Miuuesota Initiative Fund. The City Council has typically supported these <br />loan requests and it is assumed that this resolution will again be approved <br />for Marketech. <br /> <br />Below is a proposed timetable to complete this request for TIF assistance. <br />Please note that this timetable is ambitious and that it could be longer ff the <br />counW or school takes the full 30 days as allowed by law to review the <br />project. At this point, based on past practice, it is assumed that the County <br />Board and School Board will not require the full 30 days to review the <br />project. <br /> <br />March 11 - <br /> <br />EDA authorizes preparation of TIF Plan for Marketech, Inc.; <br />EDA recommends that the City Council authorize a pubhc <br />hearing to consider the adoption of the TIF Plan; <br />EDA recommends that the City Council approves the resolution <br />supporting the CMIF Marketech loan request. <br /> <br />City Council estabhshes public hearing date to consider TIF <br />Plan; CiW Council adopts resolution in support of the CMIF <br />loan request. <br /> <br />Mid March - TIF Plan is sent to School District and County Board for review <br /> and comment. <br /> <br />March 26 - School Board meeting. <br /> <br />Planning Commission reviews TIF Plan. <br /> <br />March 27 - EDA and City Council -TIF hearing notices pubhshed in Star <br /> News. <br /> <br />April 2 - County Board meeting. <br /> <br />April 8 - EDA conducts public hearing and adopts TIF Plan. <br /> <br />April 8 or 11 - City Council conducts public hearing on TIF Plan. <br /> <br /> <br />