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City's net tax capacity. Such contribution may be in the form of either lump sum or annual <br /> IIIpayments (in addition to tax increment payments) toward costs identified in this plan or other costs <br /> related to that development or redevelopment. The contribution may also be made in the form of <br /> public improvements financed by the City or Authority or other unit of government with <br /> unrestricted funds. <br /> AC. ECONOMIC DEVELOPMENT AND JOB CREATION <br /> To the extent applicable, the City agrees to comply with Minnesota Statutes, Section 116J.991, <br /> which states that a business receiving state or local government assistance for economic <br /> development or job growth purposes, including tax increment financing, must create a net increase <br /> in jobs and meet wage level goals in Minnesota within two years of receiving assistance (See <br /> Appendix C). <br /> III <br /> • Tax Increment Financing District No.21 Page II-15 <br />