7.7 HRSR 05-01-2017 - Laserfiche WebLink

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APPLICATION REVIEW WORKSHEET TO BE COMPLETED BY CITY STAFF In the event of multiple applicants, and limited funds dedicated the attached worksheet will be used to determine how the funds will be allocated The project meets the criteria set forth in Section IV of the Bl Forgivable Commercial/Industrial Loan Policy. Check those which apply. Must meet first four to score 20 points. 0 points if any of the first four boxes are unchecked. wages and benefits equal to at least $15.00/hr Creates new jobs. The mi nimum wage for a job to be considered a new or retained job shall be the greater of $15.00 per hour or 150% of state or federal minimum wage, whichever is greater, exclusive of benefits required by law. (5 Increases tax base (5 points The project can demonstrate that investment of public dollars in (5 points) The project provides higher wage levels to the community or will add value to current workforce skills. (5 points) The project results in the sale and/or redevelopment of structur properties as determined by a structural engineer. (additional 100 points given) Subtotal Section 1 (maximum 120 points) 2. Consideration of Capacity. Check those which apply. Must meet all four to score 20 points. points if any boxes are unchecked. Applicant included a realistic implementation /project schedule Applicant has the ability to administer and monitor project (5 points) Applicant has the ability to conform to city, state and federal Applicant has agreed to annual progress reports and submission o all new hires (5 points) Subtotal Section 2 (maximum 20 points) Points 3. Impact : Number of new jobs as a result of the project: *Award five points per job 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 Blighted Properties Forgivable Commercial/Industrial Loan Fund A Page 15of 17 498473v2 JSB EL185-13