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111. Timing and Procedures <br />It is our proposal to assist the City with the preparation of the development <br />district and tax utcrcment district plans and procedures in a manner that dovetails <br />with the City's plawing and development timing. <br />The tax incremcut uiniriet and plan approval process includes the following! <br />9. Preparation of a development district plan, tax increment finance <br />plan and related resolutions (2 to 4 weeks). <br />b. Strbmission of the tax increment plan to uic scitwi ix,aru wwl uvunty <br />ward of commissioners (30 day review prior to district certification). Concurrent <br />review by the City's planing commission requesting their statement of findings of <br />compliance with the comprehensive plan. <br />C. The Citv Council adopts a rcsolut�on setting a public hearing date for <br />eonsideralion of the plans and district and authorizes the )rintirkg of the public <br />hearing notice. <br />d. Publication of the public hearing notice. <br />C. City Council conducts public hearing regarding establish nent of the <br />municipal development and tax increment financing districts and adopts related <br />resolutions. <br />I. District is certified by the county auditor no less titan 30 days <br />subsequent tocouaty revs-w. <br />IV. Sit inmar <br />The purpase of this proposal has been to give the City an overview of the <br />development considerations, eligibility requirements, timing and peccedures <br />a.volved in establisaing a development district and tax increment district for the <br />City. Holmes d( [;raven has the redevelopment 2xt)erience cod staff capability to <br />coordinate all phases of the t&x increment financing plan and development district <br />plan preparation and approvals. Holmes h Grevah staff will attend public meetings <br />at the inquest of the City for the )urpose of presenting the motents of the plans <br />and addre�suig concerns expressed by those present at the ieetirgs or hearings. <br />Technical and aitcrney staff are also available to )repare an analysis of developer's <br />pro forma+, development agreement preparation and negodadoa and any other <br />redevelopment atsistcnce that the City may require. <br />