6.2 HRSR 10-07-2013 - Laserfiche WebLink

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VIII. TAX INCREMENT FINANCING APPLICATION REVIEW WORKSHEET 8 iQckJi Wk. Woods TO BE COMPLETED BY CITY STAFF Pro os 1 I• 1'r'o e e_`C` 1. The project meets the criteria set forth in Section IV of the City's Tax Increment Financing policy. c/ a) Meets minimum thresholds for size,valued tax revenue. v/ ? b) Meets at least one of the objectives in Section II and satisfies the provision set forth in Section Ill.(Pc r'f i % c) Demonstrates need for TIF with the but for analysis. V ? e) Consistent with all city plans and ordinances. V ? f) Serves at least two public purposes as defined in Section W. 2. Ratio of Private to All Public Investment in Project: Points: 5- $q�D77,7t6 Private investment 5:1 5 $ 9'7(',n I Public Investment 4:1 4 q : i Ratio Private : Public Financing 3:1 3 2:1 2 Less than 2:1 1 3. Job Creation in the City of Elk River. 1— Points:.' ' ^ l: 3 -Number of new jobs as a result of the project. 40+ 5 '" Number of existing/retained jobs divided by 10. 30+ 4 ,3 Total 20+ 3 3 _erfr i ie 10+ 2 13 .f-E' meo GA r v _ Less than 10 1 4. Ratio of Public Investment to Job Creation: Points: i-t — if $ 9 q 6;17 l Public Investment $15,000 or less 5 3 Number of new jobs created/retained $20,000 or less 4 $332, 4419 Public Investment per new job $22,000 or less 3 $25,000 or less 2 (See. 3 - 7 3-I I&p 0 r rr.j a b 6) Over$25,000 1 5. Wage Level of new jobs created/retained: Points:. C Minimum hourly wage ...... $21/ hour 5 of jobs created/retained: 2 ®9 $18-21 /hour 4 $14-17 /hour 3 $10-13 /hour 2 Under$10 /hour 1 6. Project size: Points: The project will result in the constKurtion 80,000+ 5 of square feet I f`25 (e 65,000+ 4 1 $d rivl 4,41 -r l.001-5*d5e- = %4 ( S F 3o,OOO+ 2 s 25,000+ 1 0 o2-i- -T Tray 120 2-,cf x3'S Page 12 of 13 ,4 •103-lo 4-14-2_, %` = S I-2-59 P 8 W E R E e s Y I.NATUPE.