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C. PUBLIC PURPOSE <br /> It is the policy of the City of 1'-,'Ik River that the use ofTax Increment Financia-ig should result in a <br /> heneftto the public. please indicate how this project wil.1 serve a public purpose. <br /> xJob C rcation/Retcrition: <br /> ' <br /> –3—Nun-iber of existiiig lobs <br /> –3— Number of jobs created by project <br /> –15— Axerage hourly wage of jobs created/retained <br /> New industrial development, which will result in additional private investinent in the area. <br /> –X— F?,rihanccmerit or dlvci-sificat.lon of the city's econorilic base. <br /> J,he project contributes to the fulfilh-nent of the City's Plan. <br /> Removal of bl4Zht or the rehabilitation of a high profile or priority site. <br /> –X— Significantly increase the (,ity's tax base. <br /> –N— Other: lmr)rove/acld affordable safe, & Secure (,-;r.cen Rental H o u s it i x w i LI I i,I—\V 1111 U 1 111,21 <br /> distance of downtown, Lions Park and schools. <br /> 9"A <br /> uvr <br /> V, <br />