My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5.0. 6.0. 7.0. 8.0. HRSR 04-24-2000
ElkRiver
>
City Government
>
Boards and Commissions
>
Housing & Redevelopment Authority
>
HRA Packets
>
2000-2009
>
2000
>
04-24-2000
>
5.0. 6.0. 7.0. 8.0. HRSR 04-24-2000
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/12/2016 3:56:51 PM
Creation date
1/12/2016 3:50:49 PM
Metadata
Fields
Template:
City Government
type
HRSR
date
4/24/2000
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
42
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
TAX INCREMENT FINANCING PROPOSAL REVIEW WORKSHEET <br /> 1. The project meets the criteria set forth in Section III of the City's • <br /> Tax Increment Financing policy. <br /> a) Meets minimum thresholds for size, value, and tax capacity. <br /> b) Meets at least one of the objectives in Section III and satisfies <br /> the provision set forth in Section IV. <br /> c) Demonstrates need for TIF with the but-for analysis. <br /> e) Consistent with all city plans and ordinances. <br /> f) Serves at least two public purpose as defined in Section IV. <br /> 2. Ratio of Private to Public Investment in Project: Points: <br /> $ Private investment 5:1 5 <br /> $ Public Investment 4:1 4 <br /> Ratio Private : Public Financing 3:1 3 <br /> 2:1 2 <br /> Less than 2:1 1 <br /> 3. Job Creation in the City of Elk River: Points: <br /> Number of new jobs as a result of the project. 40+ 5 <br /> Number of existing/retained jobs divided by 10. 30+ 4 <br /> Total 20+ 3 <br /> 10+ 2 <br /> Less than 10 1 • <br /> 4. Ratio of TIF to new jobs created: Points: <br /> $ TIF request $15,000 or less 5 <br /> Number of new jobs created $20,000 or less 4 <br /> $ of TIF per new job created $22,000 or less 3 <br /> $25,000 or less 2 <br /> Over $25,000 1 <br /> 5. Wage Level of jobs created: Points: <br /> Average hourly wage Over $21/hour 5 <br /> of jobs created: $18-21 /hour 4 <br /> $14-17/hour 3 <br /> $10-13 /hour 2 <br /> Under $10/hour 1 <br /> 6. Project size: Points: <br /> The project will result in the construction 80,000+ 5 <br /> of square feet 65,000+ 4 <br /> 50,000+ 3 <br /> 35,000+ 2 <br /> 25,000+ 1 <br /> 12 <br />
The URL can be used to link to this page
Your browser does not support the video tag.