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<br /> <br /> 8 <br />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 /> <br />_____ Job Creation/Retention: <br /> <br />_____ Number of existing jobs <br /> <br />_____ Number of jobs created by project <br /> <br />_____ Average hourly wage of jobs created/retained <br /> <br />_____ New industrial development, which will result in additional private investment in the area. <br /> <br />_____ Enhancement or diversification of the city’s economic base. <br /> <br />_____ The project contributes to the fulfillment of the City’s Plan. <br /> <br />_____ Removal of blight or the rehabilitation of a high profile or priority site. <br /> <br />_____ Significantly increase the City’s tax base. <br /> <br />_____ Other: <br />