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MICROLOAN APPLICATION SCORING WORKSHEET <br /> TO BE COMPLETED BY CITY STAFF <br /> 1.The project meets the criteria set forth in the appropriate the Microloan policy. <br /> a) Meets at least one of the microloan objectives in Section 7;6(e). <br /> c) Consistent with all city plans and ordinances. <br /> d) Meets the wage requirements as defined in the city's business subsidy policy. <br /> 2.Ratio of Private to All Public Investment in Project: Points: <br /> $ Private Investment 5:1 5 <br /> $ Public Investment 4:1 4 <br /> Ratio Private:Public Financing 3:1 3 <br /> 2:1 2 <br /> Less than 2:1 1 <br /> 3.Job Creation in the City of Elk River: Points: <br /> Number of new jobs as a result of the project. 25+ 5 <br /> Number of existing/retained jobs 20+ 4 <br /> Total 15+ 3 <br /> 10+ 2 <br /> Less than 10 1 <br /> 4.Ratio of Public Investment to Job Creation: Points: <br /> $ Public Investment $8,000 or less 5 <br /> Number of new jobs created/retained $10,000 or less 4 <br /> $ of Public Investment per new job $12,000 or less 3 <br /> $15,000 or less 2 <br /> Over$15,000 1 <br /> S.Wage Level of jobs created/retained or relocated Points: <br /> Minimum hourly wage Over$21/hour 5 <br /> of jobs created/retained: $18-21 /hour 4 <br /> $15/hour 3 <br /> 6.Project size: Points: <br /> The project will result in the construction 40,000+ 5 <br /> of square feet 30,000+ 4 <br /> 20,000+ 3 <br /> 10,000+ 2 <br /> 10,000 or less 1 <br /> Page 22 of 23 P 0 W EE 0 0 V <br /> INAiUREI <br />