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1/26/81 <br />I"* ;kWONI <br />L <br />M ustrial Revenue Financing <br />rololicy/Procedural Mems <br />Section 1. Puaose:l The City has received numerous I*nformal <br />and formal inquiries regarding availability of industrial and <br />Section 2, Statutory Public Policy: Minnesota Statutes Sec. <br />474 nennits the issuance of tax exempt industrial development <br />notes and bonds (IDBIs) for the purposes set forth in said <br />17TXMI <br />Section 3. <br />Citi Pol The <br />City's policy <br />is to prefer <br />industrial <br />revenue financing <br />for app-licants <br />whose projects will <br />eignificantly improve the City's tax base, provide significant <br />employment possibilities, not compete with industrial and <br />commercial enterprises presently located in the City which <br />it <br />