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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> • Office Use Only <br /> 1. The project meets the criteria set forth in Section V of the Tax <br /> Rebate Financing policy. <br /> -- k res • . • iz-, va e, an. ax capacity.-Wj/l- <br /> b) Meets at least one of the objectives in Section Pr. E. <br /> c)d,K Demonstrates need for TRF with the but-for analysis. <br /> e) Consistent with all city plans and ordinances. <br /> f) Serves at least two public purpose as defined in Section V. <br /> 2. Ratio of Private to Public Investment in Project: Points: 5 <br /> $ 7G .C%o Private investment C-5-:-11-N 5 <br /> $ 55,( G Public Investment 1 4 <br /> 1 : 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: 3 <br /> • Number of new jobs as a result of the project. 25+ 5 <br /> Number of existing/retained jobs divided by 10. 20± 4 <br /> 15 Total• 3, <br /> 10+ 2 <br /> 18,d00 = 15 Less than 10 1 <br /> I mos Pr.-rc two <br /> 4. Ratio of TRF to new jobs created: Points: S <br /> $ Sd 000 TRF request _^$8,000 or less 5 . <br /> 15 Number of new jobs created $10,000 or less 4 <br /> $ 33. 3 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: 7- <br /> Average <br /> Average hourly wage Over $21/hour 5 <br /> of jobs created: 10- 13 $18-21 /hour 4 <br /> $14 17 /hour 3 <br /> j_ST-L1-u t- CI$10-13/hb r 2 <br /> rider S 10 /hour 1 <br /> 6. Project size: Points: 7- <br /> The <br /> The project will result in the construction Lf%0,000+ 5 <br /> of square feet J'3/2DD 30,000+ 4 <br /> v3'0,000+ 3 <br /> • 2 <br /> 10;000 or less 1 <br /> 12 <br />