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BRIGGS AND MORGAN , DISCUSSION 1. Cost/Benefit and Public Interest Findings. As a condition to approving an ab::ttem'ent, the jurisdiction must determine that the benefits to it from granting the abatement are not less than the costs of the abatement. The abatement resolution must specifically describe the nature and extent of the benefits. The cost/benefit analysis from the TIF law (that the expected increase in taxable market value exceeds the present value of the increment for the life of the TIF district) would presumably be one way to satisfy this requirement, but this may not apply in all abatement-eligible situations where the benefit is less tangible, e.g., redevelopment or public facilities. The jurisdiction must also determine that granting the abatement is in the public interest because it \\111 satisfy at least one of the following: . Increase or preseIVe the tax base; . Provide employment opportunities in the jurisdiction; . Provide, help acquire, or construct public facilities; . Help redevelop or renew blighted areas; or . Help provide access to services for residents of the jurisdiction Though not required by the law, as a matter of good practice each of these findings should be accompanied by a statement of the particulars which justify it, but the "reasons and supporting facts", "studies and analyses" and other more particular requirements that apply to various TIF findings are not. statutorily required for abatement. 2. Public Hearing Notice. Each jurisdiction must have a public hearing on the proposed abatement. Notice of the hearing must be published once at least 10 and not more than 30 days before the hearing in a newspaper of general interest and readership in the community "and not one of limited subject matter." The newspaper must be at least a weekly. The notice must indicate the date, time and place of the meeting at which the abatement hearing will be held. The notice must identify the properties being considered for abatement and the total estimated amount of the abatement. 369177.1 3