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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> TO BE COMPLETED BY CITY STAFF ji(11 <br /> 1. The project meets the criteria set forth in Section V of the Tax Rebate Financing <br /> policy <br /> V a) Meets at least one of the objectives in Section III. <br /> fi'Vdd 77fb) Demonstrates need for TRF with the but for analysis. <br /> 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 /> $ 773 7 7 Private investment 5:1 5 <br /> $ /'' 3,0 770 Public Investment 4:1 4 <br /> Z 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 /> 5 Number ofnew 'obs as a result of the project. 25+ 5 <br /> -7j? Number of existing/retained jobs 20+ 4 <br /> /2 Total 15+ 3,_ <br /> ink <br /> Less than 10 1 <br /> 4. R 'o of TRF to new jobs created/retained: Points: <br /> $J%.' 7,C© TRF request $8,000 or less 5 <br /> /2_ Number of new jobs created/retained $10 000 or less 4 <br /> $ 7/�, ??O of TRF per newjob created/retained 12000 or less_'---:› <br /> $15,000 or less 2 <br /> Over$15,000 1 <br /> 5. Wage Level of jobs created: Points: <br /> Average hourly wage k. (-0-;--j--$21/ hour <br /> of jobs created/retained: Q $18-21 / hour 4 <br /> $14-17 / hour 3 <br /> $10-13 / hour 2 <br /> Under$10 / hour 1 <br /> 6. Project size: Points: 2" <br /> The project will result in the construction 40,000+ 5 <br /> of square feet / . (C) C-3 30,000+ 4 <br /> 20,000+ -------_3 <br /> 10,000 or less I <br /> i <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 12 - <br />