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The following forms of financial assistance are not considered a business subsidy that would <br /> require a public hearing: <br /> 1. a business subsidy of less than $150,000; <br /> 2. assistance that is generally available to all businesses or to a general class of similar <br /> businesses, such as a line of business, size, location, or similar general criteria; <br /> 3. public improvements to buildings or lands owned by the state or local government <br /> that serve a public purpose and do not principally benefit a single business or defined <br /> group of businesses at the time the improvements are made; <br /> 4. redevelopment property polluted by contaminants as defined; <br /> 5. assistance provided for the sole purpose of renovating old or decaying building stock <br /> or bringing it up to code and assistance provided for designated historic preservation <br /> districts, provided that the assistance is equal to or less than 50 percent of the total <br /> cost; <br /> 6. assistance to provide job readiness and training services if the sole purpose of the <br /> assistance is to provide those services; <br /> 7. assistance for housing; <br /> 8. assistance for pollution control or abatement, including assistance for a tax <br /> increment financing hazardous substance subdistrict as defined; <br /> 9. assistance for energy conservation; <br /> 10. tax reductions resulting from conformity with federal tax law; <br /> 11. workers' compensation and unemployment insurance; <br /> 12. benefits derived from regulation; <br /> 13. indirect benefits derived from assistance to educational institutions; <br /> 14. funds from bonds allocated under chapter 474A, bonds issued to refund outstanding <br /> bonds, and bonds issued for the benefit of an organization described in section <br /> 501(c)(3) of the Internal Revenue Code of 1986, as amended through December 31, <br /> 1999; <br /> 15. assistance for a collaboration between a Minnesota higher education institution and a <br /> business; <br /> 16. assistance for a tax increment financing soils condition district as defined; <br /> 17. redevelopment when the recipient's investment in the purchase of the site and in site <br /> preparation is 70 percent or more of the assessor's current year's estimated market <br /> value; <br /> 18. general changes in tax increment financing law and other general tax law changes of <br /> a principally technical nature; <br /> 19. federal assistance until the assistance has been repaid to, and reinvested by, the state <br /> or local government agency; <br /> 20. funds from dock and wharf bonds issued by a seaway port authority; <br /> 21. business loans and loan guarantees of$150,000 or less; <br /> 22. federal loan funds provided through the United States Department of Commerce, <br /> Economic Development Administration; and <br /> 23. property tax abatements granted under section 469.1813 to property that is subject to <br /> valuation under Minnesota Rules, chapter 8100. <br /> City of Elk River Business Subsidy Policy <br /> Amended Aril 2015 P 0 W E R E 0 0 r <br /> Page 4of8 INAWR • <br />