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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 />_✓a) Meets at least one of the objectives in Section III. <br />Demonstrates need for Tax Abatement with the but for analysis. <br />Consistent with all city plans and ordinances. <br />tr d) Serves at least two public purposes as defined in Section V(g). <br />N <br />2. Ratio of Pri ate to All Public <br />mInvestment in Project: <br />$ I �� Private Investment <br />Public Investment RG7�)rt7cx> > i((a� <br />11 Ratio Private: Public Financing <br />Less than <br />3. Job Creation in the City of Elk River: <br />Number of new jobs as a result of the project. <br />Number of existing/retained jobs <br />,)-S Total <br />4. Ratio of Public Investment to Job Creation: <br />$ 2 <br />YVA t Public Investment <br />c Number of new jobs created/retained <br />$—JYS /14f Public Investment per new job <br />5. Wage Level of new jobs created/retained <br />Minimum hourly wage <br />of jobs created/retained:' / % <br />6. Project size: <br />The project will result in the construction <br />of square feet 2 <br />Less than <br />Points: <br />5:1 — 5 <br />41 4 <br />3:1 3 <br />2:1 2 <br />2:1 1 <br />r <br />Points: —> <br />25+ 5 <br />20+ 4 <br />15+ 3 <br />10+ 2 <br />10 1 <br />Points: 9 <br />$8,000 or less 5 <br />$10,000 or less 4 <br />$12,000 or less 3 <br />Jj51000 or less 2 <br />Over $15,000 1 <br />Points: 3 <br />Over $21/ hour <br />$18-21 / hour <br />$14-17 / hour <br />$10-13 / hour <br />Under $10 / hour <br />Points:y <br />40,000+ 5 <br />30,000+ 4 <br />20,000+ 3 <br />(-1f000+ 2 <br />10,000 or less 1 <br />Page 13 of 14 POMFAEO AI <br />I�pruRE <br />