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City of Lino Lakes, Minnesota <br />limited to: assessment agreements, letters of credit, <br />personal guaranties, etcetera. <br />Ise. The developer shall adequately demonstrate, to the City's <br />sole satisfaction, an ability to complete the proposed <br />project based on past development experience, general <br />reputation, and credit history, among other factors, <br />including the size and scope of the proposed project. <br />�J. For the purposes of underwriting the proposal, the <br />developer shall provide any requested market, financial, <br />environmental, or other data requested by the City or its <br />consultants. <br />V. PROJECT QUALIFICATIONS <br />All Tax Increment or Tax Abatement projects considered by the <br />City of Lino Lakes must meet each of the following requirements: <br />a. The project shall meet at least one of the objectives <br />set forth in section IV of this document. <br />Eb. The developer shall demonstrate that the project is <br />not financially feasible but -for the use of Tax <br />Abatement. <br />d-c. The project shall comply with all provisions set forth <br />in the state's Tax Increment Law, statutes 469.174 <br />to 469.1794, as amended or the Tax Abatement <br />Law, statutes 469.1812 to 469.1815, as amended. <br />mod. The project must be consistent with the City's <br />Comprehensive Plan, Land Use Plan, and Zoning <br />Ordinances. <br />Vie. The project shall serve at least two of the following <br />public purposes: <br />• Job creation. <br />• Increase tax base. <br />• Enhancement or diversification of the city's <br />economic base. <br />• Development or redevelopment that will spur <br />additional private investment in the area. <br />• Fulfillment of defined city objectives, such as <br />those identified in the Comprehensive Plan. <br />• Removal of blight or the rehabilitation of a high <br />profile or priority site. <br />Financial Assistance Policy Page 3 <br />