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APPLICATION REVIEW WORKSHEET <br /> TO BE COMPLETED BY CITY STAFF <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 /> 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 un,aecked. <br /> Creates new jobs with wages and benefits equal least$12.19/hr <br /> Creates new jobs.The minimum wage for,,a.jo'be considered a new or retained job <br /> shall be the greater of$15.00 per hour or 1 i'/o of state orfral minimum wage, <br /> whichever is greater,exclusive of benef, guired by law. ( points) <br /> Increases tax base (5 points , <br /> _ r <br /> The project can demonstrate that investment of public dollars ins s private funds <br /> . . <br /> (5 points) �> `� r <br /> The project provides hig e age levels to the community or will add `1,e to <br /> current workforce skills. ( e oit <br /> The project results in the sale /or evelopment c; f structurally substandard <br /> properties as determined by a structural e i n eer. (additional 100 points given) <br /> Su = a on l maximum 120 points) <br /> 2. Consideration a . e acity. ',beck those appiy. Must meet all four to score 20 points. 0 <br /> points if an saxes are uncle d <br /> Applicant ins .ed a f listic implementation /project schedule (5 points) <br /> ,., pplicant has the bility`e tdminister and monitor project (5 points) <br /> ` plicant has the°ability to co arm to city, state and federal requirements (5 points) <br /> Applicant has agreeClip annual progress reports and submission of salary surveys for <br /> all new hires (5 points),,,,, <br /> . Subtotal Section 2 (maximum 20 points) <br /> 3. Impact Points <br /> Number of new jobs as a result of the project: <br /> *Award five points per job created up to 150 points <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 /> Blighted Properties Forgivable Commercial/Industrial Loan Fund Application Page 15 of 16 <br /> DRAFT <br />