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Schedule of Events Establishment of Tax Increment Financing District No. 1-1 (A Housing District) And the Adoption of a Tax Increment Financing Plan Establishment of Development District No. 1 And the Adoption of a Development Program Dunbar Senior Housing Project City of Orono, Minnesota Schedule Prepared — March 13, 2001 Date Action By March 12, 2001 Ehlers receives project information,property identification numbers and maps needed for documents March 12 City Council adopts resolution calling for public hearing By March 23 Ehlers confirms with the City whether building permits have been issued on the property to be included in the TIF District By March 29 Written notice sent to County Commissioner (not less than 30 prior to publication of hearing notice) By April 14 Draft of TIF Plan including fiscal and economic implications sent to County Auditor and Clerk of School Board (not less than 30 days prior to hearing) Note: County has 45 days to determine if TIF plan creates road costs pursuant to M.S. 469.175, Subd la. If County elects to use tax increments, must notify City within 45 days of the receipt of the TIF plan. April 16 Planning Commission reviews TIF Plan and finds that it conforms with the Comprehensive Plan. April 28 Notice of hearing and map published(at least 10 days but not more than 30 days prior to hearing) Published in the The Laker/Pioneer Newspapers(Mound) due by prior Tuesday(April 24). May 14 City Council holds public hearing and adopts approving resolution. By June 30 Property replatted. New parcels used for certification of TIF District. By June 30, 2001 Ehlers requests certification of TIF District with County By June 30, 2001 Ehlers submits adopted Plan to the State. Note: The assistance provided to housing does not create a "business subsidy" under State Law. 77ii CA-t-C4e. NesL.S (Be- C.XP Lf //J ,( D /10N-77P Zr ?MS.