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IV. PUBLIC PURPOSE <br />It is t1i po icy of the City of Elk River that the use of Tax :Abatement should result in a benefit to <br />the pu lic. Plcase indicate how this project will serve a public purpose: <br />&]o Creation /Retention {Complete table in Section \' <br />Ni v industrial development which will result in additional private <br />ini estinent in the area. New de,lcl0f V1,e1�i <br />_LEr hancement and /or diversification of the City of Elk River's economic base. <br />"Tl project contributes to the fulfillment of the City's Economic Development <br />Sti ategic Plan. <br />_R oval of blight. <br />Rdiabilitation of a high profile or priority- site. <br />-A—Si iificantly increase the City's tax base. <br />V. JOB <br />& WAGE GOALS I pledre Ee I of � Olckcj SP{r MJ34cl X14- <br />v1�1d, }i a V1 <br />A ve-r -oi( c <br />hp-.J`f be'nrflfs <br />Hourly Wage <br />l3. (New) Full- <br />C. (New) <br />Ilourl� Value of <br />Value of <br />(excluding <br />A. Existing <br />g <br />time Job <br />Part -time Job <br />Total Jobs <br />alue <br />l <br />Non- Ilealth <br />Benefits) <br />Jobs Retained <br />Creation <br />Creation <br />(A +B +C) <br />Insurance <br />Insurance <br />within 2 years <br />within 2 years <br />Benefits <br />$9.110 to $10.99 <br />$ <br />$ <br />$11.00 to $12.99 <br />$ 4. i 6 <br />$ <br />$13.00 to $14.99 <br />$ 4 35 <br />$ <br />$15.00 to $16.99 <br />$ + 53 <br />$ <br />$17.00 to $18.99 <br />V <br />$ 4 <br />$19.00 to $20.99 <br />$ <br />$ <br />$21.00 to $22.99 <br />$ <br />$23.00 to $24.99 <br />$ <br />$25.00 to $26.99 <br />i} <br />$ 4(� <br />$ <br />$27.00 to $28.99 <br />$ <br />$ <br />;:::9.00 to $30.99 <br />$31.00 and higher <br />C:1 €�crs \'!'ina(ifticc \t)c ° >i a P1ih'cl lan G ra- ur \Chcnas\I {C0Nt)I•:\' \tihnrtech. Inc \I xpanswtl\hamns from (:itOIDA aas abate muna <br />allplicatinn..locx <br />2/3/3 15 Last Modiflcd <br />