Resolution - #09-01-009 - 01/13/2009

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12 C. PUBLIC PURPOSE OBJECTIVES. It is the policy of the City and EDA of Ramsey that the business assistance should result in a public benefit as identified in items l-10 below. Please indicate how the proposed project will accomplish this by checking the appropriate 'boxes. Attach additional narrative as Part 7. D. o o o o o D o o 1. To encourage redevelopment. 2. To retain local jobs and/or increase the number and diversity of jobs that offer stable employment an<;l/or attracti:ve wages and benefits. . . 3. To enhance and/or diversify the. City's economic base. . 4. To encourage additional unsubsidized private (re)development. 5. To remove blight and/or encourage (re)development of commercial and industrial areas. 6. To create housing opportunities. 7. To provide a diversity ofhoilsing. .. 8. To provide a variety of family housing ownership altematives and housing choices. o 9. To promote neighborhood stabilization and revitalization by the removal of blight and the upgrading of existing housing stock in residential areas. 10. To accomplish other public policies which may be adopted such as the promotion of quality urban or architectural design, energy conservation, and decreasing capital and/or operating costs of local government. . Utilization of architectural and landscaping techniques that will enable the components of the project to blend with the natural environment. . Mitigation of project impact on the natural environment. D. SOURC~S & USES OF FUNDS Attach additional information as Part 8 SOURCES Bank Loan Other Loans Owner Equity Fed GrantILoan State GraritILoan Il1dustrial Development Bo.nds Tax Increment Financing Tax Abatement Revolving Loan Fund Other TOTAL AMOUNT $ $ $ $ $ $ $ $ $ $ $