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RESOLUTION#2004-109 Page 5 10. Utilization of Existing Infrastructure Investment. Consider the extent to which the project will utilize existing public infrastructure capacity or will require additional publicly funded infrastructure investments. 11. Leveraging of Public Funds. Consider the extent to which public funds are leveraged in the project. 12. Spin Off Development. The dollar amount of non-subsidized development the project is expected to generate in the surrounding area and the need for and likelihood of such spin off development. 13. Community Services. Whether the project will enhance services in the County and the need for such services. For example,the project may enhance health services,retail convenience services such as a nearby grocery store, or transportation or social services needed in the County. 14. Natural Environment. Whether the project will add to or detract from;the environment. 15. Other Factors. Depending on the nature of the project,such other factors as the County may deem relevant in evaluating the project and the business subsidy proposed for it. E. DEVIATION FROM CRITERIA • - . . . • . . _ . _ . • . . . .. . . ... . principles and criteria set forth herein. Meeting all policy criteria does not guarantee approval of the requested business subsidy.The County maintains its ability to approve or deny the request at its discretion. In the unlikely event that the County chooses to deviate from the criteria rather than denying an application for a business subsidy,the County must document in writing the reason for the deviation as required by Minn. Stat. § 116J.994, subd. 2. F. ADDITIONAL CONSIDERATIONS The County will give consideration to one or more of the issues listed below in determining whether to provide financial or other assistance to a project as a business subsidy: 1. The County may consider the requirements of any other business subsidy received,or to be received, from a grantor other than the County. 2. If the business subsidy is real or personal property,the amount of the subsidy will be the fair market value of the property as determined by the County. 3. If the business subsidy is received over time,the County may value the subsidy at its present value using a discount rate equal to an interest rate which the County determines is fair and reasonable under the circumstances. G. FINANCIAL ASSISTANCE NOT CONSIDERED A BUSINESS SUBSIDY The following forms of financial assistance are not a business subsidy as per Minn.Stat. §*116J.993,s£ubd. 3: 1. A business subsidy of less than $25,000; 2. Assistance that is generally available to all businesses or to a general class of similar businesses,such as a line of business, size, location, or similar general criteria; 3. Public improvements to buildings or lands owned by the state or local government that serve a public purpose and do not principally benefit a single business or defined group of businesses at the time the improvements are made; 4. Redevelopment property polluted by contaminants as defined in Minn. Stat. seetionj116J.552, subdivision 3;