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• Resolution No . 93-4 Page 3 The standard guidelines for assistance is based on a Fundability Rating of 16-20 points (Fundable) , and will be 70% of the project' s annual increment X 5 (years) . The level of assistance provided with 11-15 points (Potentially Fundable) or 21 And Over points (Highly Fundable) will be evaluated on a case by case basis and may reflect an increase or decrease in assistance. In addition, evaluation of the subjective information provided may result in adjusting the amount of assistance provided. TYPES OF ASSISTANCE : Tax Increment Financing can be provided in two different forms . One form is "pay as you go" wherein the Burnsville Economic Development Authority compensates the applicant for a predetermined amount for a predetermined number of years . Annual payments are based on increment generated from the project and issued to the applicant after payment of property taxes by the applicant . The • Burnsville Economic Development Authority will give special consideration to applicants applying for "pay as you go" assistance . Another form is "up front" payment to the applicant wherein the Burnsville Economic Development Authority must issue revenue or general obligation bonds . The increment generated from the applicant' s project is then used for repayment of the bonds . APPLICATION FOR TAX INCREMENT FINANCING ASSISTANCE WITHIN EXISTING DISTRICT: The Burnsville Economic Development Authority shall require a deposit in_ the amount of $5 , 000 . 00 from the applicant for the city' s consultants' to investigate the feasibility of providing Tax Increment Financing assistance to the applicant . If the Economic Development Authority incurs additional expense beyond the $5 , 000 . 00 , prior to the execution of the Developer' s Agreement , the Economic Development Authority shall notify the applicant in writing and the applicant will be required to deposit additional funds . If the project is approved and the applicant proceeds with the project , the Economic Development Authority shall reimburse the applicant ' s deposit to the extent permissible under the T. I . F. Act . If the applicant does not proceed with the project, the Economic . Development Authority shall reimburse the applicant for the unused portion of the deposit .