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PAGE 8 <br /> <br />The City of Becker has adopted a Business Subsidy Policy that identifies the required <br />criteria for businesses receiving assistance. All applicants for assistance must comply <br />with the requirements set forth in the Business Subsidy Policy. If the requirements are not <br />met, the assistance given to the business must be repaid. <br />The City of Becket takes the stance that every business established within the city that <br />acquires property and/or a loan from the City/EDA receives an incentive and will be <br />subject to the requirements of the Business Subsidy Policy and Minnesota Statutes <br />116J.993 through 116J.995. <br /> <br />NOTHING HEREIN SHALL REQUIRE THE EDA TO RECOMMEND <br />GRANTING OF ECONOMIC ASSISTANCE TO A BUSINESS. THE CITY IS <br />NOT OBLIGATED TO PROVIDED ECONOMIC ASSISTANCE TO A <br />BUSINESS THAT MEETS THE REQUIREMENTS STATED UNLESS THE <br />CITY DETERMINES THAT IT IS IN THE BEST INTEREST OF THE CITY TO <br />GRANT SUCH ECONOMIC ASSISTANCE. APPLICATIONS WILL BE <br />REVIEWED ON A CASE BY CASE BASIS. AT ANY POINT IN THE REVIEW <br />PROCESS, AN APPLICANT MAY BE DENIED OR SENT BACK FOR <br />FURTHER INFORMATION. <br /> <br /> <br />