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TAX INCREMENT FINANCING APPLICATION REVIEW WORKSHEET FOR <br />NON-HOUSING PROJECTS <br />TO BE COMPLETED BY CITY STAFF <br />1. The project meets the criteria set forth in Section IV of the ci <br />Financing policy. <br />a) Meets minimum thresholds for size, value, and tax revenue. <br />b) 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 />e) Serves at least two public purposes as defined in Section IV (f) <br />______ f)Meets the appropriate statutory TIF district requirements <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. 40+5 <br />Number of existing/retained jobs divided by 2. 30+4 <br />Total 20+3 <br /> 10+2 <br /> Less than 10 1 <br /> <br />4. Ratio of Public Investment to Job Creation:Points: <br />$ Public Investment $15,000 or less 5 <br />Number of new jobs created/retained$20,000 or less 4 <br />new <br />$ Public Investment per job $22,000 or less 3 <br /> $25,000 or less 2 <br /> Over $25,000 1 <br /> <br />5. Wage Level of new jobs created/retained: Points: <br />Minimum hourly wage Over $21/ hour 5 <br />of jobs created/retained: $18-21 / hour 4 <br /> $14-17 / hour 3 <br /> $10-13 / hour 2 <br /> Under $10 / hour 1 <br /> <br />6. Project size: Points: <br />The project will result in the construction 80,000+ 5 <br />of square feet 65,000+ 4 <br /> 50,000+ 3 <br /> 35,000+ 2 <br /> 25,000+ 1 <br />City of Elk River Tax Increment Financing Policy & Application <br />Amended March 2017 <br />Page 19 of 22 <br />498942v2 JSB EL185-13 <br />