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City and EDA of Ramsey Tax Abatement and Tax Increment Financing Policy 8 <br />6. To assist in creating environmental sustainability. <br />7. To provide a diversity of family housing and alternative housing <br />choices. <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 />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 />• Utilization of architecturalandscaping techniques <br />that will enable the coxents of the project to blend <br />with the natural envi�roo ent. <br />■ Mitigation of prcr impact on the natural environment. <br />C. POLICY POSITIONS <br />1. <br />2. <br />Business assist <br />of public parti <br />Business <br />sale o <br />of <br />Ci. <br />4)1 <br />11 be provided in a form that minimizes the risk <br />on. <br />ce requests for up -front project financing through the <br />s or other internal sources may require personal guarantees <br />eloper. These requests shall be addressed on a case by case <br />V3us4c3iness assistance shall not be provided for projects requiring land <br />G and/or building purchases at prices in excess of fair market value. <br />O4. 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 />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 />D. PROJECT REQUIREMENTS <br />All projects requesting business assistance must demonstrate the following: <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 />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 />The Economic Development Authority and City of Ramsey, Minnesota. Policies. <br />