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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 /> <br />!Y <br />1.To encourage redevelopment. <br />Y <br /> 2.To retain local jobs and/or increase the number and diversity of jobs that offer stable <br />employment and/or attractive wages and benefits. <br />!Y <br /> 3.To enhance and/or diversify the City's economic base. <br />!Y <br /> 4.To encourage additional unsubsidized private (re)development. <br /> 5.To remove blight and/or encourage (re)development of commercial and industrial <br />areas. <br />Y <br /> 6.To create housing opportunities. <br />!Y <br /> 7.To provide a diversity of housing. <br />Y <br /> 8.To provide a variety of family housing ownership alternatives and housing choices. <br />Y <br /> 9.To promote neighborhood stabilization and revitalization by the removal of blight <br />and the upgrading of existing housing stock in residential areas. <br />Y <br /> 10.To accomplish other public policies which may be adopted such as the promotion of <br />quality urban or architectural design, energy conservation, and decreasing capital <br />and/or 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 /> <br />D. SOURCES & USES OF FUNDS <br />Attach additional information as Part 8 <br /> <br />SOURCES AMOUNT <br />:6-:4:-545 <br />Bank Loan$ <br />Other Loans $ <br />58-386-3:9 <br />Owner Equity$ <br />Fed Grant/Loan$ <br />State Grant/Loan$ <br />Industrial Development Bonds $ <br />22-47:-6:5 <br />Tax Increment Financing $ <br />Tax Abatement $ <br />Revolving Loan Fund$ <br />4-111-111 <br />Other$ <br />$ <br />268-695-437 <br />TOTAL <br />