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• TAX INCREMENT FINANCING PROPOSAL REVIEW WORKSHEET <br /> REDEVELOPMENT DISTRICT <br /> The project meets the criteria set forth in Yes <br /> Section V of the Tax Increment Financing policy. No <br /> 1. Ratio of Private to Public Investment in Project: Points: <br /> $ Private investment 4:1 5 <br /> $ Public Investment 3:1 4 <br /> Ratio of Private to Public Financing 2:1 3 <br /> 1:1 2 <br /> Less than 1:1 1 <br /> 2. Increase in Real Estate Value: Points: <br /> $ Value of Site before redevelopment 1:5+ 5 <br /> $ Value of site after redevelopment 1:4 4 <br /> $ Ratio of value before:after redevelopment 1:3 3 <br /> 1:2 2 <br /> Less than 1:2 1 <br /> • 3. New Job Creation in the City of Elk River: Points: <br /> Number of new jobs as a result of the project. 50+ 5 <br /> Number of existing/retained jobs divided by 10. 30+ 4 <br /> Total 25+ 3 <br /> 15+ 2 <br /> Less than 15 1 <br /> 4. Ratio of TIF to new jobs created: Points: <br /> $ TIF request $15,000 or less 5 <br /> Number of new jobs created $20,000 or less 4 <br /> $ of TIF per new job created $22,000 or less 3 <br /> $25,000 or less 2 <br /> Over $25,000 1 <br /> 5. Wage Level of jobs created: Points: <br /> Average hourly wage Over $21/hour 5 <br /> of jobs created: $18 —21 /hour 4 <br /> $14-17 /hour 3 <br /> $10-13 /hour 2 <br /> Under $10 /hour 1 <br /> • <br /> 14 <br />