4.1. EDSR 06-28-2016 - Laserfiche WebLink

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APPLICATION REVIEW WORKSHEET TO BE COMPLETED BY CITY STAFF 1. The project meets the criteria set forth in Section IV of the Forgivable Loan Policy. Check those which apply. Must meet first four to score 20 points. 0 points if any of the first four boxes an unchecked Ll Creates new jobs which meet the federal low to moderate income guidelines Ll Increases tax base Ll The project can demonstrate that investment of public dollars induces private funds Ll The project provides higher wage levels to the community or will add value to current workforce skills. Ll The project results in the sale and development of city owned property(additional 100pointsgiven) Ll Applicant has sufficient collateral(if box isn't checked loan won't be considered) Sub total Section I(mammum 120points) 2. Consideration of Capacity. Check those which apply. Must meet all four to score 20 points. 0 points if any boxes an unchecked Ll Applicant included a realistic implementation/project schedule Ll Applicant has the ability to administer and monitor project Ll Applicant has the ability to conform to city,state and federal requirements Ll Applicant has agreed to annual progress reports and submission of salary surveys for all new hires Subtotal Section 2(maxum um 20points) 3. Impact: Points Number of new jobs as a result of the project: *Award five points perjob created up to 150 points Ratio of loan funds to jobs created/retained $15,000 or less/job 80 points $15,001-$24,999/job 60 points $25,000-$34,999/job 40 points $35,000 and over/job 20 points Increase in the local real estate tax base >$500,000 20 points $250,000 to$500,000 15 points <$250,000 10 points Immediacy of Impact *20 points awarded if pmject will begin witbin 6 months Subtotal Section 3(maxim um 270 points *minimum ofWpoints must come from this section in orderforproject to be considered Forgivable Loan Policy and Application P 0 N [ R 1 0 R 1 Page 16 of 20 INAWREI