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<br /> <br />APPLICATION REVIEW WORKSHEET <br /> <br /> TO BE COMPLETED BY CITY STAFF <br /> <br /> <br />In the event of multiple applicants, and limited funds dedicated to the program, <br />the attached worksheet will be used to determine how the funds will be allocated. <br /> <br />The project meets the criteria set forth in Section IV of the Blighted Properties <br />Forgivable Commercial/Industrial Loan Policy. Check those which apply. Must meet first <br />four to score 20 points. 0 points if any of the first four boxes are unchecked. <br /> <br /> <br /> <br />Creates new jobs with wages and benefits equal to at least $12.19/hr <br /> <br /> <br />Increases tax base <br /> <br /> <br />The project can demonstrate that investment of public dollars induces private funds <br /> <br /> <br />The project provides higher wage levels to the community or will add value to <br />current workforce skills. <br /> <br /> <br />The project results in the sale and/or redevelopment of structurally substandard <br />properties as determined by a structural engineer. (additional 100 points given) <br /> <br />Subtotal Section 1 (maximum 120 points) <br /> <br />2. Consideration of Capacity. Check those which apply. Must meet all four to score 20 points. 0 <br />points if any boxes are unchecked. <br /> <br /> <br /> <br />Applicant included a realistic implementation /project schedule <br /> <br /> <br />Applicant has the ability to administer and monitor project <br /> <br /> <br />Applicant has the ability to conform to city, state and federal requirements <br /> <br /> <br />Applicant has agreed to annual progress reports and submission of salary surveys for <br />all new hires <br /> <br />Subtotal Section 2 (maximum 20 points) <br /> <br /> <br />3. Impact : Points <br /> <br />Number of new jobs as a result of the project: <br /> *Award five points per job created up to 150 points <br /> <br />Ratio of loan funds to jobs created/retained <br /> $15,000 or less/job 80 points <br /> $15,001-$24,999/job 60 points <br /> $25,000-$34,999/job 40 points <br /> $35,000 and over/job 20 points <br /> <br /> <br />Increase in the local real estate tax base <br /> >$500,000 20 points <br />Blighted Properties Forgivable Commercial/Industrial Loan Fund Application <br />Page 15 of 15 <br />DRAFT <br /> <br />