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C. PUBLIC PURPOSE <br /> It is the policy, of the City of Elk River that the use of Tax Increment Financing should result in I <br /> benefit to the public. please indicate how this project will. serve a public purpose. <br /> X Job Ctea tion/Rete tition: <br /> .-3— Number of existing jobs <br /> —1— Number of jobs created by project <br /> _15 Average hourly wage of jobs creatcd/rctamcd <br /> New industrial development, which will result 11-i additional private invcstmcnt in the area. <br /> —X FInhanceirient or diversification of the city's economic base. <br /> —X The project contributes to the fulfillincm 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 Houslnll <br /> rrr <br /> Kill <br /> fvlffilll�1`1111", <br /> dam " <br />