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2. Wage Goal. For all Business Subsidies, the Business Subsidy Recipient must create: 1 FTE job that pays at least: 175 % of the federal minimum wage, which can be fulfilled as an hourly wage or some combination of hourly wage and employer paid health insurance benefits equal to 175%of federal minimum wage. The City may deviate from job and wage goals by documenting the reason in writing for the deviation and attaching a copy of this reason to the next annual Business Subsidy Report submitted to DEED. C. Alternative to Job and Wage Goals. The City may determine, after a public hearing, that job creation or job retention is not a goal. In such cases, the Business Subsidy Recipient must meet at least one of the following minimum requirements: 1. The Business Subsidy accomplishes the removal,rehabilitation or redevelopment of, or prevention of development or spread of, a blighted area as defined by Minnesota Statutes, Section 469.002, Subdivision 11, or constitutes a cost of correcting conditions that permits designation of a redevelopment district or renewal and renovation district under Minnesota Statutes, Section 469.174 to 469.179; or 2. The Business Subsidy improves public infrastructure or public facilities, including without limitation streets, sewers, storm sewers,streets, parks, recreational facilities, and other City facilities;or 3. The Business Subsidy removes physical impediments to development of land, including without limitation poor soils, bedrock conditions, steep slopes, or similar geotechnical problems. The above requirements must be expressed as specific, measurable and tangible goals in each Business Subsidy Agreement. The job and wage goals that would otherwise be required may be set at zero. D. Business Subsidy Implementation. A Business Subsidy Recipient,must: 1. Comply with the City's comprehensive plan and any other approved plans created by the City to guide development, 2. Enter into a Business Subsidy Agreement with the City that complies with the Act, 3. Agree to comply with annual reporting as required by the Act, 4. Meet a public purpose and either achieve job and wage goals or other goals as described, 5. Meet all of the additional policies set forth below, including holding a public hearing if required and complying with payback provisions. E. Business Subsidy Generally. A Business Subsidy, as further defined herein and in the Business Subsidy Act shall include, but not be limited to one of the following types of subsidies provided by the City: