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<br />City and EDA of Ramsey Tax Abatement and Tax Increment Financing Policy <br /> <br />8 <br /> <br />6. To assist in creating environmental sustainability. <br /> <br />7. To provide a diversity of family housing and alternative housing <br />choices; <br /> <br />8. To promote neighborhood stabilization and revitalization by the <br />removal of blight and the upgrading of existing housing stock in <br />residential areas. <br /> <br />9. To accomplish other public policies which may be adopted such as <br />the promotion of quality urban or architectural design, energy <br />conservation, and decreasing capital and/or operating costs of local <br />government, or any of the following: <br /> <br />. Utilization of architectural and landscaping techniques <br />tl).at will enable the components of the project to blend <br />with the natural environment. <br /> <br />. <br /> <br />Mitigation of project impact on the natural environment. <br /> <br />C. POLICY POSITIONS <br /> <br />1. . Business assistance shall be provided in a form that minimizes the risk <br />of public participation. <br /> <br />. 2~ Business assistance requests for up-front project financing through the <br />sale of bqnds or other internal sources may require personal guarantees <br />of the developer. These requests shall be addressed on a case by case <br />basis. <br /> <br />3. Business assistance shall not be provided for projects requiring land <br />and/or building purchases at prices in excess of fair market value. <br /> <br />4. Business assistance shall not be provided to developers/projects that <br />cannot adequately demonstrate an ability to complete the proposed <br />project on time and on budget. <br /> <br />5. Assistance will be provided based on $25,000 per qualified job <br />created as referenced in SeCtion 1.A.2 in the Business Subsidy <br />Policy unless a waiver is provided by the City Council. <br /> <br />. D. PROJECT REQUIREMENTS <br /> <br />All projects requesting business assistance must demonstrate the following: <br /> <br />1. That the project is. not financially feasible but-for the use of <br />Revolving Loan Fund, Tax Abatement or Tax Increment Financing. <br /> <br />2. That the project will comply with. all provisions set forth in <br />Minnesota Statute chapters 116j.993 through 116j.995, as amended <br />(Business Subsidies). <br /> <br />The Economic Development Authority and City of Ramsey, Minnesota. Policies. <br />