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VII. APPLICATION PROCESS FOR TRF <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 /> 2. City staff reviews the application and completes the Application Review <br /> Worksheet. <br /> 3. Results of the Worksheet are submitted to the appropriate governing authorities <br /> for preliminary approval of the proposal <br /> 4. If preliminary approval is granted,all necessary notices, resolutions and agreements <br /> are prepared by City staff and/or consultants. <br /> 5. Public hearing(s) on the proposed project are held. <br /> 6. The EDA or HRA recommends approval or denial of the proposal to the City <br /> CounciL <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 /> Alex Wikstrom <br /> Sherburne County Budget / Economic Development Coordinator <br /> 763-241-2700 <br /> Dr. Alan Jensen <br /> Superintendent- School District 728 <br /> 763-241-3400 <br /> 110 <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 7 - <br />