7.3 HRSR 09-08-2015 - Laserfiche WebLink

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APPLICATION REVIEW WORKSHEET TO BE COMPLETED BY CITY STAFF In the event of multiple applicants, and limited funds dedicated to the program, the attached worksheet will be used to determine how the funds will be allocated. The project meets the criteria set forth in Section IV of the Blighted Properties Forgivable Commercial/Industrial Loan Policy. Check those which apply. Must meet first four to score 20 points. 0 points if any of the first four boxes are unchecked. Creates new jobs with wages and benefits equal to at least$12.19/hr Increases tax base The project can demonstrate that investment of public dol ars induces private funds The project provides higher wage level O#the community or*ill add value to current workforce skills. The project results in the sale and/or redevelopment of structuraIlbstandard properties as determined by a structural engineer, (additional 100 points given) Subtotal Section, (maximum 120 points) 2. Consideration of Capacity. Check Checklhose which appy. Must meet all four to score 20 points. 0 points if any boxes are unchecked. Applicant included a realistic implementation /projec schedule Applicant has'the ability to administer and monitor project Applicant has the ability to conform to city, state and federal requirements Applicant has agreed to annual progress reports and submission of salary surveys for all new hires Subtotal Section 2 (maximum 20 points) 3. Impact Points Number of new jobs as a result of the project: *Award five points perjob created up to 150 points Ratio of loan funds to jobs created/retained $15,000 or less/job 80 points $15,001-$24,999/job 60 points $25,000-$34,999/job 40 points $35,000 and over/job 20 points Increase in the local real estate tax base Blighted Properties Forgivable Commercial/Industrial Loan Fund Application Page 15 of 15 DRAFT