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IV. PUBLIC PURPOSE <br />It is the policy of the City of Elk River that the use of Tax Abatement should result in a benefit to <br />the public. Please indicate how this project will serve a public purpose: <br />�Ljob Creation /Retention (Complete table in Section V) <br />_N w industrial development which will result in additional private <br />in estment in the area. New Lpvv+v+%�rLCAAJ deJ�lOPv\ -,e►.� <br />Et hancement and /or diversification of the City of Elk River's economic base. <br />A_T e project contributes to the fulfillment of the City's Economic Development <br />St ategic Plan. <br />Re oval of blight. <br />Rehabilitation of a high profile or priority site. <br />J:Si'ificantly increase the City's tax base. <br />V. JOB'& WAGE GOALS N ple�dse see <br />oij.k} ovlod de.}�►i I Avel�o►t�e <br />�i�.lY bPl�rh�5 <br />Hourly Wage <br />(excluding j <br />Benefits) <br />A. Existing <br />Jobs Retained <br />B. (New) Full- <br />time Job <br />Creation <br />within 2 years <br />C. (New) <br />Part -time Job <br />Creation <br />within 2 years <br />Total Jobs <br />(A +B +C) <br />Hourly Value of <br />Health <br />Insurance <br />Hourly Value of <br />Non - Health <br />Insurance <br />Benefits <br />$9.00 to $10.99 <br />$ <br />$ <br />$11.00 to $12.99 <br />$ 4.16 <br />$ <br />$13.00 to $14.99 <br />$ 4 3 � <br />$ <br />$15.00 to $16.99Q <br />$ 9•.53 <br />$ <br />$17.00 to $18.99 <br />U <br />$ qr- <br />$ <br />$19.00 to $20.99 <br />Z 6 <br />$ 7 I <br />$ <br />$21.00 to $22.99 <br />$ <br />$ <br />$23.00 to $24.99 <br />` <br />$ <br />$ <br />$25.00 to $26.99 11 <br />$ 5.4 O <br />$ <br />$27.00 to $28.99 <br />$ <br />$ <br />to $36.99 <br />F$29.00 <br />$31.00 and higher <br />C:AU�crs \TitnOffice \Desktop \Decklan Group \Clients \I?CONDI;A' \Sportech, Inc \I?spansion \Dorms from (;its• \FD;A taN abatement <br />application. docx <br />2/3/2015 last Modificd <br />