Agenda - Economic Development Authority - 11/13/2008

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_.~_:;.3~~~:";'~~___~_~~~:"':";""~~7_:":':' - .:'.....:..~-":;.::--'~:'-~.:. ~..:.::.:~..:::...~..~."'--~-:."'''-~':..:'-':~ - ....;:~;,,'-._~...~-~ City and EDA of Ramsey Business Subsidy Policy 6 11. Workers' compensation and ':llemploymellt insurance; 12. Benefits derived from regulation; 13. Indirect benefits deriveq. from assistance to educational institutions; 14. Funds from bonds allocated under chapter 474A, bonds issued to refund outstanding bonds, and bonds issued for the benefit of an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended through December 31, 1999; 15. Assistance for a collaboration between a Minnesota higher education institution and a business; 16. Assistance for a tax increment financing soils condition district as defmed under section 469.174, subdivision 19; . . 17. Redevelopment when the recipient's investment in the purchase of the site and in site preparation is 70 percent or more of the assessor's current year's estimated market value; 18. General changes in tax incrementfinancing'law and other general tax law changes of a principally technical nature; 19. Federal assistance until the assistance has been repaid to, and reinvested by, the state or local government agency; 20. Funds from dock and wharf bonds issued by a seaway port authority; 21. Business loans and loan guarantees of$150,000 or less; and 22. Federal loan funds provided through the United States Department of Commerce,. Economic Development Administration; and 23. Property tax abatements granted under section 469.1813 to property that is subject to valuation under Minnesota Rules, chapter 8100. Adopted by: Ramsey EDA / City Council Date of Adoption: 11-13-08/12-9-08 Date of Public Hear4tg: The Economic Development Authority and City of Ramsey, Minnesota. Policies. . 19