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APPLICATION REVIEW WORKSHEET <br /> TO BE COMPLETED BY CITY STAFF <br /> In the event of multiple applicants, and limited funds dedicated to the program, <br /> the attached worksheet will be used to determine how the funds will be allocated. <br /> The project meets the criteria set forth in Section IV of the Blighted Properties <br /> Forgivable Commercial/Industrial Loan Policy. Check those which apply. Must meet first <br /> four to score 20 points. 0 points if any of the first four boxes are unchecked. <br /> ❑ wages and benefits equal to at least$15.00/hr <br /> ❑ Creates new jobs.The minimum wage for a job to be considered a new or retained job <br /> shall be the greater of$15.00 per hour or 150% of state or federal minimum wage, <br /> whichever is greater,exclusive of benefits required by law. (5 points) <br /> ❑ Increases tax base (5 points <br /> ❑ The project can demonstrate that investment of public dollars induces private funds <br /> (5 points) <br /> ❑ The project provides higher wage levels to the community or will add value to <br /> current workforce skills. (5 points) <br /> ❑ The project results in the sale and/or redevelopment of structurally substandard <br /> properties as determined by a structural engineer. (additional 100 points given) <br /> Subtotal Section 1(maximum 120 points) <br /> 2. Consideration of Capacity. Check those which apply. Must meet all four to score 20 points. 0 <br /> points if any boxes are unchecked <br /> ❑ Applicant included a realistic implementation /project schedule (5 points) <br /> ❑ Applicant has the ability to administer and monitor project (5 points) <br /> ❑ Applicant has the ability to conform to city, state and federal requirements (5 points) <br /> ❑ Applicant has agreed to annual progress reports and submission of salary surveys for <br /> all new hires (5 points) <br /> Subtotal Section 2(maximum 20 points) <br /> 3. Impact Points <br /> Number of new jobs as a result of the project: <br /> *Award five points perjob created up to 150 points <br /> Ratio of loan funds to jobs created/retained <br /> $15,000 or less/job 80 points <br /> $15,001-$24,999/job 60 points <br /> $25,000-$34,999/job 40 points <br /> $35,000 and over/job 20 points <br /> Blighted Properties Forgivable Commercial/Industrial Loan Fund Application Page 15 of 15 <br />