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City of Roseville — 2004 Budget application fees, which shall be paid to the City prior to final approvals by the City. No construction shall be done priar to final approval of the t�c mcrement subsidy plan. C. The City reserves the right to deny any application for financing at any stage of the t�c increment review or hearings prior to the adoption of the final approval authorizing the issuance of the loan. D. The City reserves the right to select a third party to assist in the management of the tax subsidy process. E. Proposals shall include a description of all direct and indirect service and improvement costs to the City, School District, and County caused by this projec� APPENDIX 2. Tax Increment Term. The maximum term of use to collect tax mcrement subsidies shall be limited, unless extended by City Council to protect community interests, as follows: 1. Low Income Housing 20 years mcrement 2. Redevelopment of blighted areas 12 years increment 3. All Other Uses 10 years increment 4. Sub districts for Hazardous Substances Only the years needed to pay for cleanup APPENDIX 3. Tax Increment Application Process. Applications requesting use of tax mcrement financmg subsidies shall be accompanied by the following without exception: r�. Statement of public purposes as described in Sections 1, 2, and 3, (above) and benefits to citizens and community. Li. Description of the project; the project construction value; and estimated net, new taxes; the number of permanent, net new jobs to be created; and the estimated annual wages of the new jobs. �' . Site plans and prelimulary architectural drawings of the projec� f�. Description of the size and experience of the development company and the potential occupant of the building. L' . Statement of properiy ownership, partners, or representations. F. A net worth statement of the proposed owner or developer. L;. Letter of financial feasibility from the lending institution and a letter from the lender stating that the project cannotbe built without additional assistance from the City. }9 . A market analysis for the proposed use. ] A cash flow analysis and/or pro forma; the owner equity in the project and the amount to be financed (short-term construction loans and long-term financing). ! A zonmg and planning analysis and recommendation regarding land �se consistency from the City's Planning Commission. K. A statement from the School District, the County, and other affected taxing units which acknowledges the project and states the impact this project will have upon them and any other comments they wish to forward to the City Council. 124