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RESOLUTION NO. 1848 Pace Two d . Assumptions made in the preparation of the feasibility report. e . An annual cash flow. analysis showing total income, expenditures , and reserves over the life of the proposed indebtedness. The project must be one which might not otherwise be developed in the City in the absence of Tax Increment Financing funding . Desireability shall be measured in terms of a . Increased tax, base. b . Elimination or prevention of blight. c . Development of marginal land . Provide for the 'fulfillment of a perceived• need o€ -the C.ity'_s inhabitants. 1110 e . Compet—tion'---withexisting retail establishments wi-ll = be discouraged: f . Consistency with the City ComprehensivesPlan Or • Zoning Code and other existing codes. 3 . The applicant shall deposit not less than S500 with the application to cover City administrative expenses which deposit is non-refundable . 4 . The City will not sponsor Tax Increment Financing for any proposal which requires rezoning or conditional use permits unless an intention to request such • financing is communicated to the City prior to applying for such permit's. 5. The City reserves the right to employ legal , accounting , appraisal , financial , and other consultants to review the proposed project and its financing which shall. be paid by the applicant, whether or not the City agrees to finance the project or whether or not it is built. The City reserves the right to require cash deposit sufficient to cover ° such costs. Any unexpended balance of such deposit shall be returned to the applicant if the project is aborted for any reason. If the project is approved , the City will allow said expenses to become part of the indebtedness costs, if financially feasible.