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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> • Tn RF C t MPI FTFfl RY C`ITV CTAFF <br /> 1.Theproject meets the criteria set forth in Section V of the Tax Rebate Financing policy. <br /> [/ a) Meets at least one of the objectives in Section III. i'oC2 <br /> b) Demonstrates need for TRF with the but for analysis. <br /> r/c) Consistent with all city plans and ordinances. /aft <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 /> $ GC's Private investment 5:1 5 <br /> $ .2C74 520Public 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. 25+ 5 <br /> /S Number of existing/retained jobs 20+ 4 <br /> Total 1� ' <br /> 10+ 2 <br /> Less than 10 1 <br /> 4. Ratio of TRF to new jobs created/retained: Points: <br /> $ 20/, SZD TRF request $8,000 or less 5 <br /> / Number of new jobs created/retained $10,000 or less 4 <br /> $/3/ '35 of TRF per new job created/retained $12,000 or less 3 <br /> <---$T5,-0-06 or less 2 <br /> Ober$15,000 1 <br /> 5. Wage Level of jobs created: Pints. <br /> Average hourly wage -74 O,er$21/ hour 5 <br /> of jobs created/retained: /� $18-21 / hour 4 <br /> /5 2E. ;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 40,000+ 5 <br /> of square feet 70, 0°0 30 +,4. .. _.. 4 <br /> 10,000+ 2 <br /> 10,000 or less 1 <br /> 411 <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 12 - <br />