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<br />9 <br />516911v1 JAE MU205-47 <br />the Minimum Improvements and the costs for which the Developer has been reimbursed with Tax <br />Increment. <br /> <br />Section 3.9. Purpose of Assistance. The parties agree and understand that the purpose of the <br />Authority’s financial assistance to the Developer is to facilitate development of housing and is not a “business <br />subsidy” within the meaning of Minnesota Statutes, Sections 116J.993 to 116J.995. <br /> <br />Section 3.10. Grant. The Authority will apply for one or more ___________________ grants from <br />________________ in the cumulative amount of $______________ (collectively, the “Grant”) in 20___. <br />The proposed uses of the proceeds of the Grant, if received, include reimbursement for <br />__________________. [Provide Developer with requirements of grant documents that Developer will be <br />required to satisfy/comply with.] <br /> <br /> <br /> <br /> <br /> <br /> <br />(The remainder of this page is intentionally left blank.)