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RESOLUTION 197.166 Exhibit A Page 1 EXHIBIT A ECONOMIC DEVELOPMENT ABATEMENT PROCEDURE 1 . Abatements will be considered on a case by case basis. 2. For an abatement request to be considered, an Economic Development Abatement Worksheet (Exhibit B attached) must be submitted to the Anoka County Intergovernmental Committee through the Division of Governmental Services. The worksheet must be received by the county by July 1 of the current year. 3. Each Economic Development Abatement Worksheet will be reviewed by the members of the IntergovemmentaJ Committee plus the Commissioner who represents the district within which the parcel(s) lie. In the event that the parcel lies within a district represented byone of the current committee members, a fourth commissioner will be assigned to participate in the review. Participation in this instance will be assigned on a rotating basis in district number order beginning with Commissioner District One. 4. The committee, with staff input, will ascertain from the worksheet whether the abatement request meets statutory criteria. 5. In addition, the committee will consider Anoka County policy with regard to the granting of economic development abatements. 6. If the committee votes to deny the abatement request, tne property owner or representative will be notified in writing within two weeks subsequent to the committee meeting. 7. If the committee votes to approve the abatement request, it will be forwarded to the County Board. 8. The County Board will develop a proposed resolution which specifies: A. The nature and extent of the public benefit resulting from the abatement. B. The terms of the abatement (1) Amount (2) Duration a. Up to ten years allowed b. If not specified, the abatement will be in effect for eight years. c. Other (County Board may limit the abatement in any other manner it deems appropriate.) 9. The County Board will hold a public hearing on the abatement. 10. The County Board will consider for adoption a resolution for abatement. 11. The County win add to its levy amount the total estimated levy amount of all current year economic developments granted. Applications approved between September 16 of the previous year and September 15 of the current year will be considered current year abatements, and the total of such current year abatements granted shall be included within the proposed levy and final levy for the county. (May bond for the amount if the County wishes to provide abatement in advance.) 12. The County will pay the abatement to the property owner, lessee or a representative of bondholders as provided in the abatement resolution.