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SECTION 4. Public Purpose Statement for Infrastructure Development. From time to time, the City Council may choose to invest in infrastructure to improve the quality, quantity, effectiveness, and efficiency of public improvements, programs, and services. The City may assist (or share with a collaborator from other public or private sector agencies) in the provision of such improvements. The process for approving infrastructure developments includes the following: A. The City Council may designate a review board or task force and a chairperson, and provide a specific task and timetable for the review board or task force to review such proposals. During its designated time, the review board or task force may hold public information meetings to gather input regarding the proposals, and report its findings to the City Council for Council consideration. The review board or task force may be composed of representatives from the Council, the City Manager, Finance Director, Community Development Director, a representative from the Planning Commission and the Parks and Recreation Commission, as well as other citizens and participants designated by the City Council. The review process shall be composed of 1) Recommending possible public and private sector collaborators or joint ventures that may assist in the improvement and ongoing administration, programming> and maintenance costs of the project. 2) Recommending any private sector investments that may leverage or multiply the impact of the public sector investment. 3� Estimating the job creation and head-of-household/living wages that would be created or supported by such ventures. 4� Estimating the tax value and possible additional property taY value that could be generated by the proposed development. Estimating the impact on the School District and the County. 5) Estimating the community quality of life and customer service improvements that may occur because of the proj ect. 6) Recommending future phases of improvement for the project which would provide a competitive leading edge or new direction for the City. �� The review process shall be composed of evaluation of potential alternative sources of revenues. 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: A. The applicant, the proposed project, and its application process shall comply with State StaYutes, 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. B. 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 taY 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 fmal approvals by the City. No construction shall be done prior to final approval of the tax increment subsidy plan. C. 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 fmal 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 taY 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 project. APPENDIX 2. Tax Increment Term. The maximum term of use to collect taY increment subsidies shall be limited, unless extended by City Council to protect community interests, as follows: l. Low Income Housing 20 years increment 2. Redevelopment of blighted areas 12 years increment 3. All Other Uses 10 years increment 4. Subdistricts for Hazardous Substances Only the years needed to pay for cleanup