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APPLICATION PROCESS: <br />The following delineates the Mounds View Economic Development Authority's <br />application process for Tax Increment Financing assistance: <br />1. Applicant submits the completed application (Attachment `A') and Deposit <br />Agreement (Attachment "B') along with all application fees. <br />2. City staff reviews the application and completes the Application Review <br />Worksheet (Attachment "C'). <br />3. Results of the Worksheet are submitted to the appropriate governing authorities <br />forpreliminary approval of theproposal. <br />4. If preliminary approval is granted, a development agreement, business subsidy <br />agreement, and amendments to the Tax Increment Financing Plan, along with <br />all necessary notices, resolutions and certificates are prepared by City staff <br />and/or consultants. <br />5. If applicable, notices are published and sent to the county and school board. <br />6. If necessary, public hearing(s) on the proposed project are held. <br />7. The Economic Development Authority considers final approval of the proposal. <br />N:\DATA\GROUPS\ECONDEV\TIF\Pohey.DOC <br />