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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 />F-1 <br />1. <br />To encourage redevelopment. <br />D <br />2. <br />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 />5d <br />3. <br />To enhance and/or diversify the City's economic base. <br />F-1 <br />4. <br />To encourage additional unsubsidized private (re)development. <br />F-1 <br />5. <br />To remove blight and/or encourage (re)development of commercial and industrial <br />areas. <br />F-1 <br />6. <br />To create housing opportunities. <br />F-1 7. To provide a diversity of housing. <br />F-1 8. To provide a variety of family housing ownership alternatives and housing choices. <br />F-1 9. To promote neighborhood stabilization and revitalization by the removal of blight <br />and the upgrading of existing housing stock in residential areas. <br />F-1 10. To accomplish other public policies which maybe 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 />D. SOURCES & USES OF FUNDS <br />Attach additional information as Part 8 <br />SOURCES <br />AMOUNT <br />Bank Loan <br />$ <br />40,000.00 <br />Other Loans <br />$ <br />Owner Equity <br />$ <br />2001000.00 <br />Fed Grant/Loan <br />$ <br />State Grant/Loan <br />$ <br />Industrial Development Bonds <br />$ <br />Tax Increment Financing <br />$ <br />Tax Abatement <br />$ <br />70% SAC / WAC Loan <br />$ <br />135881 <br />Other <br />$ <br />200, 000.00 <br />TOTAL <br />453, 881.00 <br />