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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> <br />Office Use Only <br /> <br />1. The project meets the criteria set forth in Section V of the Tax <br />Rebate Financing policy. <br />*/ a-) -' Me~tsmlnimum thresholds for size, value, and tax capa~;I,y.-IV]l~ <br />g' b) Meets at least one of the objectives in Section I~. [/F_- <br />__~.. c)~ Demonstrates need for TRF with the but-for analysis. <br /> e) Consistent with all city plans and ordinances. <br /> ~" f)' Serves at least tw.._o public purpose as defined in Section V. <br /> <br />2. Ratio of Private to Public Investment in Project: <br />$ <br /> <br />70~, voo <br /> <br /> Points: . <br />Private investment ~-~)5:1 5 <br />Public Investment '~ 4 <br />Ratio Private: Public Financing 3:1 3 <br /> 2:1 2 <br /> Less than 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 /> 15 Total <br /> <br /> Points: <br /> 25+ 5 <br /> 20+ 4 <br /> <br /> 1-0¢ .... 2 <br />Less than 10 1 <br /> <br />4. Ratio of TRF to new jobs created: <br />$ g~oc~ TRFrequest <br /> 15 Number of new jobs created $-~(~0~'~'r less <br /> <br />of TRF per new job created <br /> <br />$12,000 or less <br />$15,000 or less <br />Over $15,000 <br /> <br />Points: <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 /> <br /> 2 <br />l..Tffder $10 / hour 1 <br /> <br />6. Project size: Points: <br />The project will result in the construction q,~0,000+ 5 <br />of square feet J ~C)C) ~,4'0,000+ 4 <br /> ~0,000+ 3 <br /> 2 <br /> ---~;0o0 6~]~s 1 <br /> <br />12 <br /> <br /> <br />