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In the process of determining the eligibility of an industrial development facility for financing under the Act, the corporation shall require the potential user to show compliance with the following objectives:

(1) The project type must fall within the categories eligible for industrial revenue bond financing in Section 103 of the Internal Revenue Code of 1954, as amended, and applicable regulations, as well as the provisions of 1981 Washington Laws, Chapter 300 and other applicable state law;

(2) The project must be consistent with all elements of the Snohomish county comprehensive plan, including sub-area plans and growth management strategies;

(3) The project must provide for the creation and/or maintenance of employment for the residents of Snohomish county;

(4) The project would not proceed at the planned investment level without the availability of industrial revenue bond financing;

(5) The project must be financially feasible; i.e., the potential user must demonstrate its ability to obtain commercially responsible financing;

(6) The project must have little or no adverse impact on the quality of the environment;

(7) The project must not put an unreasonable burden on existing public services; and

(8) The project must be consistent with current Snohomish county economic development objectives. (Added by Ord. 82-145 § 15, Jan. 4, 1983).