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// <br /> TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> 411 TO BE COMPLETED BY CITY STAFF <br /> 1. The project meets the criteria set forth in Section V of the Tax Rebate Financing <br /> policy/ <br /> IV a) Meets at least one of the objectives in Section III. <br /> t/b) 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 /> 64 /`LoPti/ 2. Ratio of Private to Public Investment in Project: Points: 7 <br /> F.69-3/5-4=)C7 -t-$/O7O5Co Private investment^ ??0, -S 5:1- 5 <br /> $ 295,5562 Public Investment F / c)CcA$1X <br /> / X47 <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 /> 6 Number of new jobs as a result of the project. 25+ 5 <br /> 7 Number of existing/retained jobs 20+ 4 <br /> 12 Total 15+ 3 <br /> (i0+ <br /> Less than 10 1 <br /> • <br /> 4. Ratio of TRF to new jobs created/retained: Points: <br /> $/••/"; SSG. 1RF request $8,000 or less 5 <br /> /2• Number of new jobs created/retained $10,000 or less 4 <br /> $ /2 / 2-7 of TRF per new job created/retained $12 001 . - 3 <br /> ,000 or less <br /> Over$15,000 1 <br /> 5. Wage Level of jobs created: Points: <br /> Average hourly wage Over$21/ hour 5 <br /> of jobs created/retained: /5— 75 $1 --211 hour 4 <br /> ($T4-17 / hour 3 <br /> $3O737 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 /3, C9c 305000+ 4 <br /> 20,000+ 3 <br /> 10, 0b-0+ 27 <br /> 10,000 or less I <br /> • <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 12 <br />