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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> TO BE COMPLETED BY CITY STAFFg/i 8-0-Z <br /> 1. The project meets the criteria set forth in Section V of the Tax Rebate Financing <br /> policy.. <br /> a) Meets at least one of the objectives in Section III. <br /> b) Demonstrates need for TRF with the but for analysis. <br /> V c) Consistent with all city plans and ordinances. <br /> d) Serves at least two public purpose as defined in Section V. <br /> 2. Ratio of Private to Public Investment in Project: Points: <br /> $ '026)::100 O Private investment 5:1 5 <br /> $ 'C/00,000 Public Investment 4:1 4 <br /> /0.8:1 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 /> h Number of new jobs as a result of the project. 25+ 5 <br /> Number of existing/retained jobs divided by 10. 20+ 4 <br /> A50 Total 15+ 3 <br /> 10+ 2 <br /> 1 Less than 10 1 <br /> 4. Ratio of TRF to new jobs created: Points: <br /> $9C O,CXiD TRF request $8,000 or less 5 <br /> /CO Number of new jobs created $10,000 or less 4 <br /> $ /(1.-)i of TRF per new job created $12,000 or less 3 <br /> $15,000 or less 2 <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: 12T4 /..CO $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 40,000+ 5 <br /> of square feet lid/ FEY 30,000+ 4 <br /> 20,000+ 3 <br /> 10,000+ 2 <br /> 10,000 or less 1 <br /> • <br /> 11 <br />