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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> <br />TO BE COMPLETED BY CITY STAFFc/~///~ 5--~-~_ <br /> <br />The project meets the criteria set forth in Section V of the Tax Rebate Financing <br /> <br />po~>_, a) <br /> <br />e/ <br />b// d) <br /> <br />Meets at least one of the objectives m Section III. <br />Demonstrates need for TRF wkh the but-~br analysis. <br />Consistent with all city. plans and ordinances. <br />Serves at least vx'o public purpose as defined in Section V. <br /> <br />2. Ratio of Private to Public Investment in Project: <br />$ ~',3:~3,(2x::~ Private investment <br />$ q/oq~Ooo Public Investment <br /> /o. o°;/ Ratio Private: Public Financing <br /> <br />Less than <br /> <br />Points: <br />5:1 5 <br />4:1 4 <br />3:1 3 <br />2:1 2 <br />2:1 1 <br /> <br />3. Job Creation in the City of Elk River: <br />/0:3 Number of ne~v jobs as a result of the project. <br />__ Number of e:dsdng/retained jobs divided by 10. <br />/"~D Total <br /> <br />Less than <br /> <br />Points: <br />25+ 5 <br />20+ 4 <br />15+ 3 <br />10+ 2 <br />10 <br /> <br />4. Ratio of TRF to new jobs created: <br />$ ff/<:~, <3OO TRF request <br />/00 Number of new jobs created <br />$ ~/<5:7~ of TRF per new'job created <br /> <br />5. Wage Level of jobs created: <br />Average hourly wage <br />of jobs created: ~3~__~/. oo <br /> <br /> Points: <br />$8,000 or less 5 <br />$10,000 or less 4 <br />$12,000 or less 3 <br />$15,000 or less 2 <br />Over $15,000 I <br /> <br /> Points: <br />Over $21 / hour 5 <br />$18-21 / hour 4 <br />$14-17 / hour 3 <br />$10-13 / hour 2 <br />Under $10 / hour <br /> <br />6. Project size: <br />The project will result in the construction <br />of square feet ~,//~ ~;,~v? <br /> <br /> Points: <br />40,000+ 5 <br />30,000+ 4 <br />20,000+ 3 <br />10,000+ 2 <br />10,000 or less 1 <br /> <br />11 <br /> <br /> <br />