8. EDSR 04-08-2013 - Laserfiche WebLink

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APPLICATION REVIEW WORKSHEET TO BE COMPLETED BY CITY STAFF 1. The project meets the criteria set forth in Section IV of the Forgivable Loan Policy. Check those which apply. Must meet first four to score 20 points. 0 points if any of the first four boxes are unchecked. ❑ Creates new jobs which meet the federal low to moderate income guidelines ❑ Increases tax base ❑ The project can demonstrate that investment of public dollars induces private funds ❑ The project provides higher wage levels to the community or will add value to current workforce skills. ❑ The project results in the sale and development of city owned property (additional 100 points given) ❑ Applicant has sufficient collateral(if box isn't checked loan won't be considered) Subtotal Section 1 (maximum 120 points) 2. Consideration of Capacity. Check those which apply. Must meet all four to store 20 points 0 points if any boxes are unchecked. ❑ Applicant included a realistic implementation /project schedule ❑ Applicant has the ability to administer and monitor project ❑ Applicant has the ability to conform to city, state and federal requirements ❑ Applicant has agreed to annual progress reports and submission of salary surveys for all new hires Subtotal Section 2 (maximum 20 points) 3. Impact: Points Number of new jobs as a result of the project: *Award five points per job created up to 150 points Ratio of loan funds to jobs created/retained $15,000 or less/job 80 points $15,001-$24,999/job 60 points $25,000-$34,999/job 40 points $35,000 and over/job 20 points Increase in the local real estate tax base >$500,000 20 points $250,000 to $500,000 15 points <$250,000 10 points Immediacy of Impact *20 points awarded if project will begin within 6 months Subtotal Section 3 (maximum 270 points) *minimum of 60 points must come from this section in order for project to be considered Forgivable Loan Policy and Application [ 1111EllEI a 1 Page 16 of 20 NAME