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TAX <br /> <br />REBATE FINANCING <br /> <br /> PROPOSAL REVIEW WORKSHEET <br /> <br />TO BE COMPLETED BY CiTY STAFF <br /> <br />1. The project meets the criteria set forth in Section ¥ of the Tax Rebate Financing <br /> <br />poti? <br /> <br /> Meets at least one of the objectives m Section III. <br /> Demonstrates need for TKF with the bz.~tfor analysis. <br /> / c) Consistent with all ciB7 plans and ordinances. <br /> J d) Ser~Tes at least into public purposes as de£~ed m Section V. <br /> <br />2. Ratio of Private to Public Investment in Project: Points: <br /> 5:1 5 <br /> <br />$ ,,~g.~-~'~, Public Investment ~",~'-~/~'c/do(r.~/ ~'~-'--- 4B <br /> r_~,., / Ratio Private: Public Financing 3:1 3 <br /> 2:1 2 <br /> Less d~an 2:1 1 <br /> <br />3. Job Creation in the City of Elk River: Points:__ <br />~- Number of new jobs as a result of the project. 25+ 5 <br />7 Number of ex/sting/retained jobs 20+ 4 <br />_/_2____ Total 15+ 3 <br /> <br /> 10 1 <br /> <br />Less than <br /> <br />4. Ratio of TRF to new jobs created/retained: <br />$/~ ~'~-~ TRF request <br /> /2. Number of ,ew jobs created/retained <br />$ /~ / ~- 7 of TRF per new job created/retained <br /> <br /> Points: ~ <br /> $8,000 or less 5 <br /> $10,000 or less 4 <br />~$12 000 3 <br /> <br /> Over $15,000 1 <br /> <br />5. Wage Level of jo,bs created: <br />Average hourly wage <br />of jobs created/retained: :J~',/~- -- 7~' <br /> <br /> Points: --~ <br /> Over $21/hour 5 <br />$...~~ hour 4 <br /> <br /> hour 2 <br /> Under $10 / hour 1 <br /> <br />6. Project size: <br />The project will result m the construction <br />of square feet / 3. CS)rDO <br /> <br /> Points: Z <br />40,000+ 5 <br />30s000+ 4 <br />20,000+ 3 <br />~'~,~00 + ~ ~ <br /> 10,000 or less 1 <br /> <br />City of Elk River <br />Tax Rebate Financing Pohcy. Amended August <br /> <br />-12- <br /> <br /> <br />