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 Letter of Commitment from applicant pledging to complete the project during proposed <br />project duration, if the application is approved. <br /> Project compliance with all city codes, ordinances and policies. <br /> Quality job and wage creation requirements of at least 50 new jobs at a minimum hourly <br />wage of $18.00. <br /> Peak electric demand greater than 50kW per month. <br /> Located within eligible ERMU area. <br /> Calculated economic output of $10 million through Implan software (information provided <br />by Sherburne County). <br /> Project generates a minimum of $80,000 in total annual property taxes. <br /> The project contributes to the fulfillment of the city’s approved and adopted economic <br />development and/or redevelopment plans. <br /> <br />The applicant will be responsible for all legal, recording and other fees associated with processing the <br />application. As part of the discussion, the EDA should determine the application fee for this new <br />program. Estimated legal fees for a project requiring a public hearing is $2,000. Estimated legal fees for a <br />project not requiring a public hearing is $1,200. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Energy Incentive Program Policy and Application <br /> ERMU PILOT Policy <br /> Map <br /> <br /> <br />