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X. TAX ABATEMENT APPLICATION REVIEW WORKSHEET <br /> TO BE COMPLETED BY CITY STAFF <br /> 1 The project meets the criteria set forth in Section V of the Tax Abatement policy. <br /> :L Meets at least one of the objectives in Section III <br /> ---'' b;., Demonstrates need fur Tax Abatement with the /;//I/or analysi . <br /> ‘ <br /> L., c/: COnSi5rent with all city plans and ordinances. <br /> :;...,""iii Serves at least Iwo public purposes as defined in Section V(g). <br /> 2. Ratio of Private to All Public Investment in Project: Points: —' <br /> S ii(Hz;:k)() Private Investment 5:1 3 <br /> $ /3te i OW Public Investment 4:1 4 <br /> Ratio Private: Public Financing 3:1 3 <br /> 2:1 2_ <br /> I.ess than 2:1 1 <br /> 3)(713 Creation in the City of Elk River: Points: cr.) <br /> 1 Number of new lobs as a result of the prolect. 25,' 5 <br /> Number of existing/retained jobs 2(i- 4 <br /> L7 ,;( Total 15 t 3 <br /> , <br /> VH .7) <br /> Less than .lo 1 <br /> LT, <br /> 4. Ratio of Public Investment to Job Creation: Points: -- <br /> S/ 3Cf:J C)0() Public Investment S8,0011 or less 5 <br /> :2-0 Number of nett,jobs created/retained SIO,f POO or less 4 <br /> $ (cS-6) '0 of Public Investment per new job s j 7.),om or less 3 <br /> S15,1a) or less 2 <br /> ()ver SI:5,0(i(j 1 <br /> 5. Wage Level of new jobs created/retained Points: --'' <br /> Minimum hourly wage Over 521,/ hour 5 <br /> of jobs created/retained: cl-' .) S18-21 / hour 4 <br /> SI 4-17 / hour 3 <br /> Slii-13 / hour 2 <br /> I. S11) i hour 1 <br /> 6. Project size: Points: --'5 <br /> l'hc project will/cesult in the construction 4t 1,00u-i- 5 <br /> of square feet ''':-1 I ::.(1 I 3iyloo-, 4 <br /> 3 <br /> lopuo-t- 1 <br /> 10,1011 or less 1 <br /> P;igt 13 of 14 <br /> F01111110 It <br /> NATURE <br />