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07-20-10 EDC Meeting
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07-20-10 EDC Meeting
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RESOLUTION#2004-109 <br /> Page 6 <br /> 5. Assistance provided for the sole purpose of renovating old or decaying building stock or bringing it <br /> up to code,and assistance provided for designated historic preservation districts,provided that the <br /> assistance is equal to or less than 50 percent of the total cost; <br /> 6. Assistance to provide job readiness and training services if the sole purpose of the assistance is to <br /> provide those services; <br /> 7. Assistance for housing; <br /> 8. Assistance for pollution control or abatement, including assistance for a tax increment financing <br /> hazardous substance subdistrict as defined under Minn. Stat.section 1_469.174, subd.ivision 23; <br /> 9. Assistance for energy conservation; <br /> 10. Tax reductions resulting from conformity with federal tax law; <br /> 11. Workers'compensation and unemployment compensation; <br /> 12. Benefits derived from regulation; <br /> 13. Indirect benefits derived from assistance to educational institutions; <br /> 14. Funds from bonds allocated under Minn. Stat. Cehapter hapter-474A, bonds issued to refund <br /> outstanding bonds,and bonds issued for the benefit of an organization described in section 501(c)(3) <br /> of the Internal Revenue Code of 1986, as amended; <br /> 15. Assistance for a collaboration between a Minnesota higher education institution and a business; <br /> 16. Assistance for a tax increment financing soils condition district as defined under Minn. Stat. § <br /> 469.174, subd.ivisien 19; <br /> 17. Redevelopment when the recipient's investment in the purchase of the site and in site preparation is 70 <br /> percent or more of the assessor's current year's estimated market value; <br /> 18. General changes in tax increment financing law and other general tax law changes of a principally <br /> technical nature; <br /> 19. Federal assistance until the assistance has been repaid to and reinvested by the state or local <br /> government agency; <br /> 20. Funds from dock and wharf bonds issued by a seaway port authority; <br /> 21. Business loans and loan guarantees of$75,000 or less; and <br /> 22. Federal loan funds provided through the United States Department of Commerce, Economic <br /> Development Administration. <br /> 1 <br />
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