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• <br />• <br />2. Contribute to the establishment of a critical mass of commercial <br />development within an area: <br />3. Provide basic goods and services, increase the range of goods and <br />services available or encourage fast - growing businesses; <br />4. Promote redevelopment objectives and removal of blight, <br />including pollution cleanup; <br />5. Promote the retention or adaptive use of buildings of historical or <br />architectural significance; <br />6. Promote additional or spin -off development within the community; <br />7. Encourage full utilization of existing or planned infrastructure <br />improvements. <br />IV. Compliance and Reporting Requirements <br />a) Any subsidy granted by the EDA will be subject to the requirement of a <br />public hearing, if necessary, and must be approved by the Lino Lakes City <br />Council. <br />b) It will be necessary for both the grantee and the EDA to comply with <br />reporting and monitoring requirements of the Act. <br />3 <br />