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9. MICROLOAN APPLICATION SCORING WORKSHEET Formatted:Font:Gill Sans MT,Bold <br /> TO BE COMPLETED BY CITY STAFF <br /> 1.The project meets the criteria set forth in the appropriate the Microloan policy. <br /> a) Meets at least one of the program objectives in Section 9:6(e). <br /> c) Consistent with all ciLy 121ans and ordinances. <br /> d) Meets the wage requirements as defined in the city's business subsidpolic <br /> 2.Ratio of Private to All Public Investment in Project: Points: <br /> $ Private Investment 5:1 5 <br /> $ Public Investment 4:1 4 <br /> 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: <br /> Number of new jobs as a result of the project 25+ 5 <br /> Number of existing/retained jobs 20+ 4 <br /> Total 15+ 3 <br /> 10+ 2 <br /> Less than 10 1 <br /> 4. Ratio of Public Investment to Job Creation: Points: <br /> $ Public Investment $8.000 or less 5 <br /> Number of new jobs created/retained $10,000 or less 4 <br /> $ of Public Investment per new job $12,000 or less 3 <br /> $15,000 or less 2 <br /> Over$15,000 1 <br /> 5.Wage Level of I cwjobs created/retained Points: Comment[OAS]:Define <br /> Minimum hourly wage Over$21/hour 5 <br /> of jobs created/retained: $18-21 /hour 4 <br /> $15 / hour 3 <br /> 6.Project size: Points: <br /> The project will result in the construction 40,000+ 5 <br /> of square feet 30,000+ 4 <br /> 20,000+ 3 <br /> 10,000+ 2 <br /> 10,000 or less 1 <br /> Page 28 of 29 P 0 N E R € 0 8 Y <br /> NATURE <br />