HomeMy WebLinkAboutResolution 013-2009 Resolution No. 13-09
A Resolution Establishing A Fee For Tax Increment
Financing Applications
WHEREAS, the City of Brookings has adopted policies and procedures for processing
applications for Tax Increment Finance assistance from the City, and
WHEREAS, the review, analysis, and administration of such applications can be
expected to consume City resources, and
WHEREAS, the expense of such resources are considered a special benefit exclusively to
the applicant and not a general benefit to the overall community, and
WHEREAS, such special benefit expenses should be financed by the specific party
receiving said benefit from the services constituting a fee for service, and
WHEREAS, such fee should be in an amount designed to cover the costs associated with
providing the service.
NOW, THEREFORE BE IT RESOLVED that the City of Brookings establish a non-
refundable application fee of$1000 for a full Tax Increment Finance application.
BE IT FURTHER RESOLVED that said fee shall cover only the in-house costs of the
City and applicant shall also pay costs associated with the City's legal and financial
analysis of the application that may be incurred beyond this initial application fee.
BE IT FURTHER RESOLVED there shall be no fee associated with the pre-application,
the fee must be paid at the time the full application is delivered to the City, and payment
of the fee shall not constitute approval of the application.
ADOPTED THIS 24TH DAY OF FEBRUARY, 2009.
CITY OF BROOKINGS
4, �.TY.F�P h�1 cot . Munsterman, Mayor
"-b." INcoko Jp t
41,fA TE ESs O
§z2 J4''9 'IC)/
I
ktatl V `' / 1&
Shari Thorns, City Clerk