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advisor on all requests of over$25,000 total public investment. <br /> d. The city will consider the use of Tax Abatement assistance for projects that <br /> may not meet the but-for and job creation criteria, but rather would be <br /> considered as a "location incentive". These projects may result in other <br /> public benefits such as a significant tax base increase,the creation of higher <br /> paying jobs (at least twice the minimum hourly rate stated in the city's <br /> Business Subsidy Policy),and is likely to assist in the marketing and attraction <br /> of additional desired developments. <br /> e. The project shall comply with all provisions set forth in the Minnesota Tax <br /> Abatement Law,Minnesota Statutes 469.1812 to 469.1815,as amended. <br /> f. The project must be consistent with the city's Comprehensive Plan,Land <br /> Use Plan,and Zoning Ordinances. <br /> g. The project shall serve at least two of the following public purposes: <br /> • Job creation or job retention. <br /> • Significantly increase the tax base. <br /> • Enhancement or diversification of the city's economic base. <br /> • Development or redevelopment that will spur additional private <br /> investment in the area. <br /> • Fulfillment of defined city objectives, such as those identified in the <br /> Economic Development Strategic Plan or the city's Comprehensive Plan, <br /> among others. <br /> • Removal of blight or the rehabilitation of a high profile or priority site. <br /> VI. SUBSIDY AGREEMENT & REPORTING REQUIRMENTS <br /> All developers/businesses receiving Tax Abatement assistance from the city of Elk <br /> River shall be subject to the provisions and requirements set forth by the city's <br /> Business Subsidy Policy as amended and Minnesota Statutes Sections 116J.993 to <br /> 116J.995 (the "Minnesota Business Subsidy Law"),if applicable <br /> Page 6 of 15 P 0 W E 8 E 0 B T <br /> 111#4ATURE <br />