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City of Elk River, Minnesota <br />Distinctive Iron, LLC <br />January 23, 2015 <br />Page 4 <br />d.Project compliance with all city codes and policies <br />e.Program Objectives: In addition to quality job and wage creation/retention requirements, the applicant must <br />meet all Microloan Fund criteria and demonstrate how the proposed activities will meet at least one of the <br />following objectives: <br />The project contributes to the fulfillment of the city’s approved and adopted economic development <br />and/or redevelopment plans <br />The project prevents or eliminates slums and blight <br />The project increases the local tax base <br />The project brings a structure into compliance with an existing building code violation <br />Thank you for the opportunity to be of assistance to the City of Elk River. I will be prepared to discuss in greater detail <br />at the EDA Finance Committee scheduled for Tuesday, January 27, 2015. I can be reached at 651.223.3036 and <br />mhuot@springsted.com with any questions or for additional information. <br />