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Appendix 1— Procedures The following procedures are hereby adopted to provide direction before, during, and after consideration of the tax increment financing request by the City Council: 1) The applicant, the proposed project, and its application process shall comply with State Statutes, 469.175, regarding the use of tax increment financing. All consultants representing the applicant shall be separate and independent from the City. All materials and applications supplied by the applicant or its consultants shall become the property of the City. No assurances of approval are implied or possible through the application or review process. 2) The City shall be reimbursed by the applicant for all costs incurred by the City in the preparation and review of the proposal. The applicant shall deposit with the City a non- refundable administrative/application fee as requested by the City Council. Prior to final approval of the tax subsidy, the City Finance Director shall certify any additional costs not covered by the administrative or application fees, which shall be paid to the City prior to final approvals by the City. No construction shall be done prior to final approval of the tax increment subsidy plan. 3) The City reserves the right to deny any application for financing at any stage of the tax increment review or hearings prior to the adoption of the final approval authorizing the issuance of the loan. 4) The City reserves the right to select a third party to assist in the management of the tax subsidy process. 5) Proposals shall include a description of all direct and indirect service and improvement costs to the City, School District, and County caused by this project. Appendix 2 -Tax Increment Term The maximum term of use to collect tax increment subsidies shall be limited, unless extended by City Council to protect community interests, as follows: 1. Low Income Housing 20 years' increment 2. Redevelopmentof 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 increment financing subsidies shall be accompanied by the following without exception: 1) Statement of public purposes as described in Sections 1, 2, and 3, (above) and benefits to citizens and community. 2) 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. 3) Site plans and preliminary architectural drawings of the project. �y