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<br /> 7 <br />Developers / Businesses failing to comply with the above provisions will be <br />subject to fines, repayment requirements, termination of the assistance, and be <br />deemed ineligible by the State to receive any loans or grants from public entities <br />for a period of five years. <br /> <br /> <br />VII. APPLICATION PROCESS FOR TAX REBATE FINANCING <br /> <br />A. PRIVATE DEVELOPMENT/REDEVELOPMENT PROJECTS <br /> <br />1. Applicant submits the completed application along with a non-refundable <br />$1,000 application fee. The application fee will be used toward the cost of <br />professional or technical services provided in the evaluation of the <br />application, and legal costs incurred by the City for preparation of legal <br />documents. If the EDA incurs additional expenses directly related to the <br />evaluation of the application, or for professional or legal services beyond the <br />$1,000, the EDA shall notify the applicant in writing and the applicant will <br />be required to deposit additional funds. <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 <br />authorities for preliminary approval of the proposal. <br /> <br />4. If preliminary approval is granted, all necessary notices, resolutions and <br />certificates are prepared by City staff and/or consultants. <br /> <br />5. If necessary, public hearing(s) on the proposed project are held. <br /> <br />6. The EDA grants final approval or denial of the proposal. <br /> <br />B. OTHER POLITICAL SUBDIVISIONS <br /> <br />It is recommended that applicants intending to seek tax rebate financing from <br />Ramsey County and/or School District 621 make their applications to those <br />bodies concurrent with their application to the Mounds View EDA. For more <br />information on applying for a tax rebate financing from Ramsey County and/or <br />School District 621, contact: <br /> <br /> Judy Karon <br /> Director, Community and Economic Development <br />Ramsey County <br /> 651-266-8006 <br /> <br /> <br /> <br />M.V. Tax Rebate Policy 9.22.03 Final