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M 41) <br />MVWASHINGTON 7645 Currell Boulevard, Woodbury, MN 55125 <br />COUNTY office: 651-458-0936 fax: 651-458-1696 <br />Community <br />Development <br />Agency <br />WASHINGTON COUNTY CDA PREDEVELOPMENT FINANCE FUND <br />POLICY AND GUIDELINES <br />I. Purpose: <br />To provide predevelopment grants to cities, townships and local government <br />development authorities located in Washington County. These funds are intended to: 1) <br />increase the availability of shovel ready properties in the county; 2) provide opportunities <br />for our existing businesses to stay and grow here in Washington County; 3) spur new <br />business development and job opportunities in the County; 4) provide opportunities for <br />business diversity; 5) increased commercial and industrial market values within <br />Washington County, and 6) assist with removing blighted properties. <br />Maximum Grant Awards and Matching Requirements: <br />a. There will be two levels of grant funding. The small pool will include a <br />lower level of funding of grants totaling less than $10,000. The large pool <br />will include grant amounts between $10,000 and $40,000. <br />b. Grant amounts may not exceed $40,000 per year, per city, and must be a <br />$1 to $1 (CDA funds to local funds) match for grants of $10,000 or more <br />and .20 cents local to every $1 of CDA funds match for grants of less than <br />$10,000. <br />c. Applicants may use non-public funds as local match. In-kind <br />contributions shall not be considered a match. <br />III. Eligible Applicants: <br />Eligible applicants include cities and townships located in Washington County, and/or <br />their duly created economic development organizations or authorities that are enabled <br />under Minnesota Statutes are eligible to apply. <br />IV. General Program Parameters and Application Requirements: <br />a. Applicants must consult with CDA Economic Development Director prior <br />to the submission of an application to determine if the proposed request <br />would meet the intent and the criteria of the program. <br />b. The required application form will be provided upon request; however, a <br />detailed project narrative must accompany the application and must <br />address the following items in order to proceed to scoring: <br />i. A description of the proposed activities for which the grant funds <br />will be utilized and a description of the expected development <br />including the anticipated types of businesses as a result of the <br />activities. <br />