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Minnesota Statutes Local Economic Development (Ch. 466A-470) § 469.119. Loan application requirements

Current as of January 01, 2023 | Updated by FindLaw Staff

Subdivision 1. Application contents. Prior to the loaning of any funds for a redevelopment project in a redevelopment area the local agency shall receive from the applicant and, in the case of department participation, shall forward to the state agency a loan application. The application shall be in the form adopted by the local agency, and shall contain among other things the following information:

(1) a general description of the redevelopment project and of the industrial, recreational, commercial, or manufacturing enterprise for which the project has been or is to be established;

(2) a legal description of all real estate necessary for the project;

(3) plans and other documents as may be required to show the type, structure, and general character of the redevelopment project;

(4) a general description of the type, classes, and number of employees employed or to be employed in the operation of the redevelopment project; and

(5) cost or estimates of cost of establishing the redevelopment project.

Subds. 2 to 4. Repealed by Laws 1987, c. 291, § 244; Laws 1987, c. 386, art. 2, § 24, eff. June 4, 1987.

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Cite this article: FindLaw.com - Minnesota Statutes Local Economic Development (Ch. 466A-470) § 469.119. Loan application requirements - last updated January 01, 2023 | https://codes.findlaw.com/mn/local-economic-development-ch-466a-470/mn-st-sect-469-119/

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