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IX. WORKSHEET- HOUSING PROJECTS <br /> TO BE COMPLETED BY CITY STAFF <br /> The project must meet the criteria set forth in Section IV of the City's Tax Increment <br /> Financing policy to continue. <br /> V"a) Meets minimum thresholds for size,value, and tax revenue. ! <br /> Z6) Meets at least one of the objectives in Section II and satisfies <br /> all of the provisions set forth in Section III. <br /> c) Demonstrates need for TIF with the but for analysis. <br /> d) Consistent with all city plans and ordinances. <br /> `fie) Serves at least two public purposes as defined in Section IV (f). <br /> 1. Ratio of Private to All Public Investment in Project: Points: <br /> _.�� <br /> —. <br /> Greater than 7:1 10 <br /> Private investment 6:1 8 <br /> $ WD Public Investment 5:1 6 <br /> 1 o t Ratio Private: Public Financing 4:1 4 <br /> 3:1 2 <br /> Less than 3:1 1 <br /> 2. Project provides housing that is restricted Points: <br /> to persons 55 years and older: 10 <br /> 3. Market Value/Tax Base Generation: Points: (/J <br /> Project will result in an estimated C <br /> market value per unit $135,000/Unit 5 <br /> (land and building) of to 16 06 Lo $125,000/Unit 4 <br /> $115,000/Unit 3 Wit GL V11i'li4t'*"'�iUU ✓ J - $105,000/Unit 2C�sSt�StulL��' <br /> h <br /> $ 95,000/Unit 1 <br /> 4. Project proposts rehabilitation of existing <br /> housing, housing stock, and maximizes <br /> utilization of existing infrastructure: Points: <br /> 10 <br /> 5. Project proposes a location near existing <br /> jobs, transportation, recreation, retail services, <br /> social services, and schools: Points: <br /> 3 <br /> 6. Project includes community/ neighborhood: Points:� <br />