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The attached memos from Springsted summarize the analysis completed to date. The project includes <br /> the retention of 26 existing jobs and the creation of 10 new jobs. The project scored 30, at the low end <br /> of the moderate desirability range. Mikaela Huot will be at the meeting on Monday to verbally support <br /> the analysis. <br /> Staffs review assumes abating taxes of the entire property for 12-15 years. The County policy allows for <br /> abatement for only the incremental change in value of the property,pre and post improvement. <br /> Based on our analysis,it appears that Coin-tainer would not remain within the city without the assistance. <br /> Attachments <br /> • Finance Committee Memo dated October 20,2014 <br /> • Springsted Analysis <br /> • Estimated financing projections (October 10, 2014) <br /> • Microloan application review (October 9, 2014) <br /> • Project analysis (October 10, 2014) <br /> • Tax Abatement Scorecard <br /> • Submitted Application materials, some of which is private data,available upon request: <br /> Applications <br /> Business Plan <br /> Financial statements <br /> Exhibits <br /> N:\Departments\Community Development\Economic Development\1?DA\Adnvntstranve\Agenda\FDA Agenda Packets\Year2014\10-20- <br /> 2014\5.1 sr Cointamer 10-20-14 docx <br />