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<br />Increase in the local real estate tax base <br /> >$500,000 20 points <br /> $250,000 to $500,000 15 points <br /><$250,000 10 points <br />Immediacy of Impact <br />*20 points awarded if project will begin within 6 months <br />Subtotal Section 3 (maximum 320 points) <br />*minimum of 60 points must come from this section in order for project to be considered <br /> <br /> <br />Points <br />4. Wage Level of new jobs created <br />Minimum hourly wage of jobs created/retained: <br />Over $21/ hour 5 points <br />$18-21 / hour 4 points <br />$14-17 / hour 3 points <br />$11-13 / hour 2 points <br />Below $11/ hour application disqualified <br /> <br />5. Project size: <br /> <br />The project will result in the construction of square feet. <br />80,000+ 50 points <br />65,000+ 40 points <br />50,000+ 30 points <br /> 35,000+ 20 points <br /> 25,000+ 10 point <br /> <br /> <br />Subtotal Sections 4-5 (maximum 55 points) <br /> <br />Sub - Total Points: of a possible 465points. <br />Blighted Properties Forgivable Loan Fund Application <br />Page 16of 15 <br />DRAFT <br /> <br />