Laserfiche WebLink
C. PUBLIC PURPOSE <br />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 />_1_ 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 />_X_ Removal of blight or the rehabilitation of a high profile or priority site. <br />Significantly increase the City's tax base. <br />_X_ Other: Improve/add affordable safe & Secure Rental Housiin <br />v <br />