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 Peak electric demand greater than 50kW per month. <br /> Minimum New Job Creation of 12 FTE Employees <br /> Wages greater than $18 per hour <br /> Minimum Project Size: 20,000 square feet <br /> Minimum Economic Output: $5 million through Implan software <br />(information provided by Sherburne County) <br /> Total Annual Property Taxes of at least $80,000 <br />Comment \[OA3\]: EDA to discuss <br /> Manufacturing Facilities must follow the following requirements: <br /> Peak electric demand greater than 50kW per month. <br /> Minimum New Job Creation of 50 FT Employees within 2 years <br /> Wage Level of greater than $18 per hour <br /> Minimum Project Size: 20,000 square feet <br /> Minimum Calculated Economic Output: $5 million through Implan software <br />(information provided by Sherburne County) <br /> Total Annual Property Taxes of at least $80,000 <br /> Located within eligible ERMU area within the City of Elk River. <br /> . <br />Comment \[OA4\]: EDA Should Discuss New <br /> Must The createion of at least 50 new jobs at . <br />Jobs and Wages <br /> Shall have a Calculated Economic Output of $10 million through Implan <br />Comment \[OA5\]: EDA Should Discuss <br />software (information provided by Sherburne County). <br />Economic Output <br /> Completed project Project mmust generate a least $80,000 in total annual <br />Comment \[OA6\]: EDA Should discuss amount <br />Formatted: Indent: Left: 0.5", No bullets or <br />property taxes. <br />of total annual property taxes <br /> Religious, political, and pornographic enterprises are not eligible. <br />numbering <br /> <br />3. Regulation for New Construction <br /> All buildings which public funds will be used for construction are toshall conform to <br />Ccity codes and ordinances and the state building codes. <br /> <br />4. Timing of Project Expenses <br /> No project shall commence without final Ccity cCouncil approval of the application. <br />Any costs incurred prior to the approval of the application are not eligible <br />expenditures. <br /> <br /> No building construction should shall commence until the all required permits are <br />secured. <br /> <br /> The applicant will shall be responsible for all legal, recording, and other fees payable <br />Comment \[OA7\]: Elimination of application fee <br />by a $2,000 processing fee, which is paid at the time of application. In addition to the <br />processing fee, all legal and filing fees shall be paid by the applicant. <br /> <br />5. Procedural Guidelines for Application and Approval <br />1. The applicant shall obtain information about the Energy Incentive Program and <br />application from the City. <br /> <br /> <br /> <br /> <br />3 <br />