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<br />INDUSTRIAL REVENUE FINANCING PROCEDURES <br /> <br />1. Application and all supporting information submitted, including: <br />$5,000 non-refundable cash payment and $10,000 cash deposit. <br /> <br />2. Resolution calling for public hearing. (At least 20 days after <br />application received~ The Council will not set a public hearing <br />date until the application and all supporting information has been <br />substantially reviewed. This would be the first Council action on <br />an application. <br /> <br />3. Public hearing by Council. (Publish notice of public hearing not <br />less than 15 days nor more than 30 days prior to date for the hearing) . <br /> <br />4. Resolution giving preliminary approval. <br /> <br />5. Approval by the governing agency of the State of Minnesota. <br /> <br />6. Resolution granting final project approval and authorizing issuance <br />of financing. <br />