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<br /> ----------- ~. <br />The Staff would offer the following targets, for discussion purposes, that the Board of <br />Commissioners may wish to include, reject, and/or prioritize: . <br />1. Geography <br /> a. Located in the Gateway Business District <br /> b. Located in the Corporate Campuses (ie., CPI, Land 0' Lakes, Control Data, <br /> Dynamark, and MSI) <br /> c. Located in the Lexington/Fox area <br /> d. Located in the Twin Cities Army Ammunition Plant (TCAAP) <br />2. Jobs <br /> a. Creates at least one White Collar job for every $5,000 in RLF money <br /> b. Creates at least one High- Tech-Office /High-Pay for every $5,000 in RLF money <br /> c. Creates at least one High- Tech-Manufacturing/High-Pay for every $2,500 in RLF <br /> money <br /> d. Retains at least one White Collar, High- Tech-Office /High-Pay, or High- Tech- <br /> Manufacturing/High-Pay job for every $1,000 in RLF money <br />3. Leverage <br /> a. Maximum ratio of private to public (RLF) infusion of money is 2: 1 <br /> b. Minimum borrower's equity contribution is 10 percent <br /> c. Maximum amount ofRLF dollars dedicated to working capital is 50 percent <br /> d. Maximum amount of RLF dollars dedicated to overall total project cost is 33 <br /> percent . <br />Recommendation <br />The Staff recommends that the Board of Commissioners adopt the attached guidelines for the <br />Revolving Loan Fund. <br /> . <br />