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<br />-2- <br />a) A significant number of new jobs for the City. <br />b) Generation of limited amounts of traffic. Both <br />in relation to type of vehicle and number of trips. <br />C) The direct benefit to the City's citizens. <br />d) Retention of employment which might otherwise <br />leave the community. <br />e) Competition with existing retail establishments <br />will be discouraged except for purposes of <br />redevelopment. <br />f) Special construction and built-ins which will <br />preclude alternate uses will not be included in the <br />financing. <br />E <br />g) No tax exempt enterprise shall be considered for <br />Industrial Development Bond financing. <br />5. All projects shall exceed five hundred thousand dollars <br />($500,000.00) in cost unless waived by resolution of <br />the Council. <br />BE IT FURTHER RESOLVED, That: <br />1. A company seeking industrial DevelopmentkFinancing <br />shall petition the City for the project on City <br />forms, paying a deposit of $2,500. <br /> <br />Ill: 1 I•'URThER RE:;ULVED, That upon acceptance of the p&tition <br />t_he City shall ayroe to c„n;ider this: method of financing with <br />,the right to approve or re iect airy proposed project depending <br />on the information provided in response to the items listed below: <br />1. A complete set of audits by a certified CPA or approved <br />qualified public accounting firm forthree (3) previous <br />years shall be provided. if available for review by the <br />City's consultants and/or certified personal ne t.worth <br />statements of the principals. <br />2• A copy of Dun anC, Bradstreet's most recent Rating <br />Report shall be provided for review by the City's <br />consultants.