A.__A narrative description of the Pine Tree Development Zone to be designated;

B.__Maps and any other information necessary to clearly identify the geographic boundaries of the Pine Tree Development Zone and any subzones it may include;

C.__Evidence that the Pine Tree Development Zone meets the requirements of subsection 3;

D.__Any information evidencing economic distress; and

E.__A development plan that includes:

(1) Documentation of all municipal commitments required under subsection 2;

(2) A description of how the Pine Tree Development Zone will be administered, including any related interlocal cooperative agreements;

(3) A description of the goals and objectives to be accomplished through the Pine Tree Development Zone;

(4) A description of the resources to be committed to the Pine Tree Development Zone by the applicant or applicants; and

(5) Plans for accomplishing the goals and objectives, including a marketing plan and related time line and milestones.

5.__Termination.__All Pine Tree Development Zone designations approved under this subchapter and all Pine Tree Development Zone benefits are terminated on December 31, 2018.

§5250-K.__Procedure

1.__Notice and hearing.__Before designating a Pine Tree Development Zone or adopting a development plan, the municipal officers of each applicant unit of local government or the municipal officers' designee must hold at least one public hearing.__Notice of the hearing must be published at least 10 days before the hearing in a newspaper of general circulation serving the area of the State in which the local government is located.