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• TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> Tn RF C(1MPI FTFfl RV CITY STAFF <br /> 1. The project meets the criteria set forth in Section V of the Tax Rebate Financing <br /> policy. <br /> L a) Meets at least one of the objectives in Section III. <br /> ,V b) Demonstrates need for TRF with the but for analysis. <br /> t' c) Consistent with all city plans and ordinances. <br /> // d) Serves at least two public purposes as defined in Section V. <br /> 2. Ratio of Private to Public Investment in Project: Points: <br /> $2 33 2rivate investment �;1-- <br /> $ 7 89y Public Investment 4:1 4 <br /> E. 7 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: 3 <br /> /S Number of new jobs as a result of the project. 25+ 5 <br /> 23 Number of existing/retained jobs 20+ 4 <br /> 3 S Total <br /> 10+ 2 <br /> • Less than 10 1 <br /> 4. Ratio of TRF to new jobs created/retained: Points: / <br /> $14 7 9y TRF request $8,000 or less 5 <br /> /5– Number of new jobs created/retained $10,000 or less 4 <br /> $ /7j 260 of TRF per new job created /retained $12,000 or less 3 <br /> $15,000 or less 2 <br /> veP' 15,000 i- <br /> 5.Wage Level of jobs created: Points: <br /> Average hourly wage Over$21/ hour 5 <br /> of jobs created/retained: • 00 <br /> 2i18-21 / hour <br /> $14-17 / hour 3 <br /> $10-13 /hour 2 <br /> Under$10 / hour 1 <br /> 6. Project size: Points: 3 <br /> The project will result in the construction 40,000+ 5 <br /> of square feet 2S,4Dcp0 30 000+ 4 <br /> <-20,000+ <br /> 3�� <br /> 10,000+ 2 <br /> 10,000 or less 1 <br /> S <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 12- <br />