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Firefox about blank <br />12 <br />C. PUBLIC PURPOSE OBJECTIVES <br />It is the policy of the City and EDA of Ramsey that the business assistance should result in a public <br />benefit as identified in items 1-10 below. Please indicate how the proposed project will accomplish <br />this by checking the appropriate boxes. Attach additional narrative as Part 7. <br />11 1. To encourage redevelopment, <br />• 2. To retain local jobs andlor increase the number and diversity of jobs that offer stable <br />employment andior attractive wages and benefits. <br />• 3. To enhance andior diversify the City's economic base, <br />• 4. To encourage additional unsubsidized private (re)developmenti <br />EJ 5. To remove blight andior encourage (re)development of commercial and industrial <br />areas.. <br />O 6. To create housing opportunities. <br />• 7. To provide a diversity of housing. <br />O 8. To provide a variety of family housing ownership alternatives and housing choices. <br />. To promote neighborhood stabilization and revitalization by the removal of blight <br />and the upgrading of existing housing stock in residential areas. <br />10. To accomplish other public policies which may be adopted such as the promotion of <br />quality urban Dr architectural design, energy conservation, and decreasing capital <br />andlor operating costs of local government. <br />▪ Utilization of architectural and landscaping techniques that will enable the <br />components of the project to blend with the natural environment. <br />▪ Mitigation of project impact on the natural environment, <br />D. SOURCES & USES OF FUNDS <br />Attach additional information as Part 8 <br />SOURCES AMOUNT <br />Bank Loan ick s <br />Other Loans ij.qc s <br />Owner Equity <br />Fed Grant/Loan <br />State Grant/Loan <br />Industrial Development Bonds 5 <br />Tax Increment Financing <br />Tax Abatement <br />Revolving Loan Fund <br />Other <br />TOTAL <br />3 •of 5 116/121, 2:12 PM <br />