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market value of the property as determined by the City. 3. If the business subsidy is received over time,the City may value the subsidy at its present value using a discount rate equal to an interest rate which the City 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, subd. 3: 1. A business subsidy of less than$25,000; 2. Assistance that is generally available to all businesses or to a general class ofi 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. § 116J.552, subdivision 3; 5. Assistance provided for the sole purpose of renovating old or decaying building stock or bringing it up to nodes and assistance provided for designated historic preservation districts, provided that the assistance is equal to or less than 50 percent of the total cost; 6. Assistance to provide job readiness and training services if the sole purpose of the assistance is to provide those services; 7. Assistance for housing; 8. Assistance for pollution control or abatement, including assistance for a tax increment financing hazardous substance sub district as defined under Minn. Stat. § 469.174, subd_. 23; 9. Assistance for energy conservation; 10. Tax reductions resulting from conformity with federal tax law; 11. Workers'compensation and unemployment compensation; 12. Benefits derived from regulation; 13. Indirect benefits derived from assistance to educational institutions; 14. Funds from bonds allocated under Minn. Stat. Chapter 474A, bonds issued to refund outstanding bonds, and bonds issued for the benefit of an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended;