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It is the policy of the City of Elk River that the use of Tax Increment Financing should result in a <br />benefit to the public. Please indicate how this project will serve a public purpose. <br />X Job Creation/Retention: <br />_3_ Number of existing jobs <br />_3_ Number of jobs created by project <br />_15_ Average hourly wage of jobs created/retained <br />New industrial development, which will result in additional private investment in the area. <br />_X_ Enhancement or diversification of the city's economic base. <br />_X_ The project contributes to the fulfillment of the City's Plan. <br />Removal of blight or the rehabilitation of a high profile or priority site. <br />_X_ Significantly increase the City's tax base. <br />_X_ Other: Improve/add affordable safe & Secure Green Rental Housing within walking <br />distance of downtown. Lions Park and schools. <br />E <br />