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TAX INCREMENT FINANCING PROPOSAL REVIEW WORKSHEET <br /> <br />1. The project meets the criteria set forth in Section III of the City's <br />Tax Increment Financing policy. <br /> <br />__ a) <br /> b) <br /> <br />c) <br />e) <br /> <br />Meets minimum thresholds for size, value, and tax capacity. <br />Meets at least one of the objectives in Section III and satisfies <br />the provision set forth in Section IV. <br />Demonstrates need for TIF with the but-for analysis. <br />Consistent with all city plans and ordinances. <br />Serves at least two public purpose as defined in Section V. <br /> <br />2. Ratio of Private to Public Investment in Project: <br />$. Private investment <br />$. Public Investment <br /> Ratio Private: Public Financing <br /> <br />Less than <br /> <br />Points: <br />5:1 5 <br />4:1 4 <br />3:1 3 <br />2:1 2 <br />2:1 I <br /> <br />3. Job Creation in the City of Elk River: <br />__ Number of new jobs as a result of the project. <br />__ Number of existing/retained jobs divided by 10. <br /> Total <br /> <br />Less than <br /> <br />Points: <br />40+ 5 <br />30+ 4 <br />20+ 3 <br />10+ 2 <br />10 I <br /> <br />4. Ratio of TIF to new jobs created: <br />$ TIF request <br /> Number of new jobs created <br />$ of TIF per new job created <br /> <br />Points: <br /> <br />$15,000 or less <br />$20,000 or less <br />$22,000 or less <br />$25,000 or less <br />Over $25,000 <br /> <br />5 <br />4 <br />3 <br />2 <br />1 <br /> <br />5. Wage Level of jobs created: <br />Average hourly wage <br />of jobs created: <br /> <br />Points: <br /> <br />Over $21/hour 5 <br />$18-21 / hour 4 <br />$14-17 / hour 3 <br />$10-13 / hour 2 <br />Under $10/hour I <br /> <br />6. Project size: <br />The project will result in the construction <br />of square feet <br /> <br /> Points: <br />80,000+ 5 <br />65,000+ 4 <br />50,000+ 3 <br />35,000+ 2 <br />25,000+ i <br /> <br />12 <br /> <br /> <br />