(a) Following the submission to the Authority of an application for tax increment financing under section 1204(a), the Authority shall call a public hearing concerning the suitability of the proposed project for TIF area. The hearing must be held within the District in which the project is proposed to be located.
(b) The Authority shall publish notice of the hearing in a newspaper of general circulation in the District in which the project is to be located at least 14 days before the day on which the hearing is to be held.
(c) The notice must describe the time, date, place and purpose of the hearing, must generally identify the area covered by the plan, and must outline the general scope of the proposed project.
(d) If at the hearing the Authority certifies the project, the Authority shall adopt a resolution setting forth its decision, and transmit a copy of the resolution to the Governor and the Legislature.
(e) A certificate setting forth the findings by the Authority and designating an area a TIF area, including the metes and bounds of the area within which the project is to be located, must be signed by the Chairperson of the Authority and filed in the Office of the Recorder of Deeds for the district in which the property is located and there remain of record.