Res 2007-038 - Laserfiche WebLink

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4. Applications for incentives will be denied if the City finds that the application was filed after the I commencement of construction or alteration or installation of improvements related to the proposed development or redevelopment. 5. Receipt of Incentives: a. For rebate incentives, the applicant will pay for the fees to be rebated at the time they are due. Once the approved incentive project is completed, the builder must submit a City-Wide Incentive Program Request for Reimbursement form and appropriate support documentation to indicate compliance with the terms and conditions of the Development Incentive Contract with the City within 30 days of the issuance of a certificate of occupancy. In the case of contracts requiring compliance with the target price, the form and appropriate support documentation must be submitted within 30 days of the closing date as shown on the settlement statement. Following staff review, the City will issue the applicable rebates. b. For all other incentives, incentive compensation will be effective following execution of the Development Incentive Agreement approved by City Council. Procedure B (for projects involving 5 or more units) 1. Applicant shall file an application on a form provided by the City and provide the following: Project Summary, including a detailed description of how the project addresses the required criteria Building Elevation(s) Location Map Property PlaVBoundary Survey Site Concept Plan ProjecVUnit Mix, including all proposed uses and sizes, residential unit sizes and descriptions, etc. Letter of Service Availability, Capacity and Reservation from each utility provider Letter of Commitment from Lender Any Letters of Support (community, government officials, etc.) Memorandums of Understanding/Agreements (support services, etc.) Market Analysis Appraisal Report Affordability Analysis Project budget, including sources and uses, and development budget Rental Operating Proforma (year-by-year projection of a project's expenses and income) Resumes of Principles Past Projects and References 2. The application will be reviewed by staff for completeness and accuracy and comments will be received from appropriate departments. Once this information is compiled, the review comments and recommendation will be forwarded to the applicant. The application, review comments and recommendation will be forwarded to the City Council for consideration. After the review by the City Council members, additional information may be requested of the applicant before final action is taken. 3. All requirements of all federal, state and local law shall be followed, including, but not limited to the Land Development Code and Building Code. 4. Applications for incentives will be denied if the City finds that the application was filed after the commencement of construction or alteration or installation of improvements related to the proposed development or redevelopment. 5. Receipt of Incentives: a. For rebate incentives, the applicant will pay for the fees to be rebated at the time they are due. Once the approved incentive project is completed, the builder must submit a City-Wide Incentive Program Housing Infill Development Incentives Policy I I 4