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c) <br />.,/' a) <br /> <br />TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> <br />1. The project meets the criteria set forth in Section V of the Tax Rebate Financing <br />p°li,sJ/' <br /> /. a) Meets at least one of the objectives in Section III. <br /> Demonstrates need for TRF with the but-_jbr analysis. <br /> Consistent with all ciD' plans and ordinances. <br /> Serves at least m'o public purposes as defined in Section V. <br /> <br />2. Ratio of Private to Public Investment in Project: <br />$ 7 '3 7'7' Private investment <br />$//a//~ 7/.?C Public Investment <br /> / ~. 'Z Ratio Private: Public Financing <br /> <br /> Points: / <br /> 5:1 5 <br /> 4:1 <br /> 3:1 <br /> 2:1 <br />than 2:1 <br /> <br />3. Jo_~..b Creation in the City of Elk River: <br /> D Number of ne~v jobs as a result of the project. <br />'-"~/)V/t/Number of Txisting/retained jobs <br /> ,/'5-'_~ Total <br /> <br />Less than <br /> <br />4. R3t, io of TRF to new jobs created/retained: <br />$ j ~73,'~ 5v 7C TRF request <br /> /~-- Number of new jobs created/retained <br />$ /7~.. ~ PC: of TRF per new job created/retained <br /> <br />5. Wage Level of jobs created: <br />Average hourly wage z-'__._>~'- ':~5 <br />of jobs created/retained: <br /> <br />6. Project size: <br />The project will result in the construction <br />of square feet //25"> 0C5,'C5'; <br /> <br />4 <br />3 <br />2 <br /> <br /> Points: ~ <br />25+ 5 <br />20+ 4 <br />15+ 3 <br />~ Q± ..... J <br /> <br /> $8,000 or less 5 <br /> $10 000 or less 4 <br /> <br /> $15,000 or less 2 <br /> Over $15,000 1 <br /> <br /> Points: <br /> <br />$18-21 / hour 4 <br />$14-17 / hour 3 <br />$10-13 / hour 2 <br />Under $10 / hour <br /> <br /> Points: ~' <br />40,000+ 5 <br />30,000+ 4 <br />20,000+ 3 <br />(--'-~,000 + -2-'--. <br /> 10,000 or less t <br /> <br />City. of Elk River <br />Tax Rebate Financing Policy, Amended August 2002 <br /> <br /> <br />