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advisor on all requests of over $25,000 totalpublic investment. <br />d.The city will consider the use of Tax Abatement assistance for projec <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 cre <br />paying jobs (at least twice the minimum hourly rate stated in thcitys <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 citys Comprehensive Plan, Land <br />Use Plan, and Zoning Ordinances. <br /> <br />g. The project shall serve at least twoof the following public purposes: <br />Job creation or job retention. <br />Significantly increase the tax base. <br />Enhancement or diversification of the citys 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 <br />Economic Development Strategic Plan or the citys Comprehensive Plan, <br />among others. <br />Removal of blight or the rehabilitation of a high profile or pri <br /> <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 citys <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 <br />