Laserfiche WebLink
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 minitnuni thresholds for size, value, and tax revenue, 1415(x <br /> .....................lz" b) Meets at least carne of the objectives in Section 11 and satisfies <br /> all of the provisi<..)ns set forth 11.1 Section 111. <br /> c) Demonstrates need f(-,)r TIF with the bulfi)r anal),sis. <br /> d) Consistent with all city plans and ordinances. <br /> e) Serves at least two public purposes as defined in Section IV (f). <br /> ................. <br /> 1. Ratio of Private to All Public Investment in Project: Points. <br /> 7� <br /> C7 Greater than "'7:11 1- <br /> $ private investment 6:1 8 <br /> $ Public Investment 5:1 6 <br /> i 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: 1,0 <br /> 3. Market Value/Tax Base Generation: Points.- <br /> Project will result in an estimated <br /> market value per unit $135,000JJnIt 5 <br /> ; /7� 03 410 (."K a4 <br /> (land and building�) of 21 $125,000/Urut 4 <br /> $115,000/Ur.tit 3 V-'J('H1'["' /1", <br /> $1 O5,000/Unit 2 <br /> $ 95,000/Urait I A <br /> F)- <br /> 4.Project proposes rehabilitation of existing <br /> housing, housing stock, and rn,aximizes <br /> utilization of existing infrastructure: Points:- k4 <br /> l fl <br /> 5. Project proposes a location neat existing <br /> jobs, transportation, recreation, retail services, <br /> social services, and schools: Points: <br /> 3 <br /> ry <br /> 6. Project includes community/ neighborhood: Points: <br />