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period. The county's portion is estimated to be $6,412 per year or <br />$25,649 annually. The total tax rebate over the four years is <br />estimated to be about $50,000. <br /> <br />Upon receipt of Mr. Weicht's TRF application, staff completed the <br />ratings worksheet used to help analyze such proposals. The proposed <br />project scored a "33", which equates to a "moderately desirable" <br />project. Staff frequently receives inquires for the type of space Mr. <br />Weicht is proposing to construct. Subsequently, although no tenants <br />have as of yet committed to the space, it is likely that the building <br />will lease quickly. <br /> <br />Action Requested <br />Staff requests that the City Council: <br />1. Hold a public hearing to consider the use of TRF for the <br /> construction of a multi-tenant industrial building by R&W <br /> Enterprises. <br />2. Consider approval of the TRF application. <br /> <br />Attachments · TRF Application <br /> · Draft Minutes from May 8, 2000 EDA Meeting <br /> · Public Hearing Notice - May 10, 2000 <br /> <br /> <br />