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9. MICROLOAN APPLICATION SCORING WORKSHEET <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 on page 2, General Purpose and <br /> Guidelines <br /> c) Consistent with all city plans and ordinances. <br /> d) Meets the wage requirements as defined in the city's business subsidy policy. <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 neva 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 jobs created/retained or relocated Points: <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 />