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13 <br />Section 3.11. Purpose of Assistance. The parties agree and understand that the purpose of <br />the Authority’s financial assistance to the Developer is to facilitate development of affordable <br />residential senior rental housing for persons of low and moderate income, and is not a “business <br />subsidy” within the meaning of Minnesota Statutes, Sections 116J.993 to 116J.995, as amended. <br /> <br /> <br /> <br /> <br />(The remainder of this page is intentionally left blank.)