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VIII. TAX INCREMENT FINANCING APPLICATION REVIEW <br /> WORKSHEET [3 I,z�c�_hQw k- Wo S <br /> TO BE COMPLETED BY CITY STAFF �� oser !r <br /> e CT <br /> 1. The project meets the criteria set forth in Section IV of the City's Tax Increment <br /> Financing policy. <br /> a) Meets minimum thresholds for size,valued tax revenue. <br /> b) Meets at least one of the objectives in Section Il and satisfies <br /> the provision set forth in Section III.(Pcx r+:0 i <br /> c) Demonstrates need for TIF with the but for analysis. <br /> e) Consistent with all city plans and ordinances. <br /> f) Serves at least two public purposes as defined in Section IV. <br /> 2. Ratio of Private to All Public Investment in Project: Points: 5- <br /> $ Private investment 5:1 5 <br /> $ Public Investment 4:1 4 <br /> r Ratio Private : Public Financing 3:1 3 <br /> 2:1 2 <br /> Less than 2:1 1 <br /> 3. Job Creation in the City of Elk River: Points: r - A i. <br /> _Number of new jobs as a result of the project. 40+ 5 <br /> Number of existing/retained jobs divided by 10. 30+ 4 <br /> Total 20+ 3 <br /> 3 0 rmw-e 10+ 2 <br /> _9 3 f� rKf b Less than 10 1 <br /> 4. Ratio of Public Investment to Job Creation: Points: l n, - T <br /> $9q Public Investment $15,000 or less 5 <br /> _ „3 Number of nex jobs created/retained $20,000 or less 4 <br /> $ Public Investment per newjob $22,000 or less 3 <br /> $25,000 or less 2 <br /> J 0 Over$25,000 1 <br /> 5. Wage Level of new jobs created/retained: Points: <br /> Minimum hourly wage Over $21/ hour 5 <br /> of jobs created/retained: $18-21 / hour 4 <br /> $14-17 / hour 3 <br /> $10-13 / hour 2 <br /> Under$10 / hour 1 <br /> 6. Project size: Points: <br /> The project will result in the construction 80,000+ 5 <br /> of square feet 65,000+ 4 <br /> 50,000+ 3 <br /> r d0 �j� � ' I S Fx 35,000+ 2 <br /> 2- w-rh d 25,000+ 1 <br /> Page 12 of 13 <br /> INAYUP O w 1 0 1 0 8 � <br />