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City of Elk River, Minnesota <br />Morrell Trucking Microloan Fund Review <br />June 18, 2015 <br />Page 4 <br /> <br />c. All other information as required in the application and/or additional information as may be requested by the <br />Economic Development Authority <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 /> <br />