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Policy Number 32 <br /> Heritage Preservation Commission's Loan/Grant Criteria <br /> • <br /> 6) Loans over the threshold established by the Minnesota Legislature will be required to <br /> meet the State's Subsidy Law, as outlined in City Policy No. 27, "Business Subsidy." <br /> 7) Option: Depending on the availability of funding, the HPC may offer loans, with the 30% <br /> grant portion and 70% bank/owner equity, at the same terms as outlined in conditions 1, <br /> 5, 6 and 7 above. <br /> i <br /> • <br /> 2 <br />