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<br />. <br /> <br />. <br /> <br />. <br /> <br />projects in the area. <br /> <br />f. Tax abatement shall not be used for projects that would place <br />extraordinary demands on city services or for projects that would <br />generate significant environmental impacts. <br /> <br />g. The developer must provide adequate financial guarantees to ensure <br />completion of the project, including, but not limited to: assessment <br />agreements, letters of credit, personal guaranties, and additional <br />documentation as necessary. <br /> <br />h. The developer shall adequately demonstrate, to the EDA's sole <br />satisfaction, an ability to complete the proposed project based on past <br />development experience, general reputation, and credit history, among <br />other factors, including the size and scope of the proposed project. <br /> <br />1. For the purposes of underwriting the proposal, the developer shall <br />provide any requested market, financial, environmental, or other data <br />requested by the EDA or its consultants. <br /> <br />v. PROJECT QUALIFICATIONS <br /> <br />All tax abatement projects considered by the :Mounds View EDA must meet <br />each of the following requirements: <br /> <br />a. The project shall meet at least one of the objectives set forth in section <br />III of this document. <br /> <br />b. The use of tax abatement will be limited to: <br />. Industrial development, expansion, redevelopment, or <br />rehabilitation; or <br />. Commercial redevelopment or rehabilitation; or <br />. Office or research facilities; <br />. Housing and infrastructure. <br />. Public Infrastructure <br /> <br />c. The developer shall demonstrate that the project is not financially <br />feasible but-for the tax abatement financing provided. <br /> <br />d. The project shall comply with all provisions set forth in Minnesota's <br />Tax Abatement Law, statues 4G9.1812 to 4G9.1815, as amended. <br /> <br />e. The project must be consistent with the City's Comprehensive Plan <br />and Zoning Ordinances. <br /> <br />5 <br />