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<br />TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br />.1 Tn RoF ~nMPI FTFn RoY ~ITY ~TAFF I <br /> <br />1. The project meets the criteria set forth in Section V of the Tax Rebate Financing <br /> <br />PO~cy a) <br />~ Meets at least one of the objectives in Section III. <br />/ b) Demonstrates need for TRF with the butfor analysis. <br />. r c) Consistent with all city plans and ordinances. <br />V- d) Serves at least two public purposes as defined in Section V. <br /> <br />Points: 5 <br />5:1 5 <br />4:1 4 <br />3:1 3 <br />2:1 2 <br />2:1 1 <br /> <br />2. Ratio of Private to Public Investment in Project: <br />$3:. ~.cx::c> Private investment <br />$ ~~ Public Investment <br />G : / Ratio Private: Public Financing <br /> <br />Less than <br /> <br />3. Job Creation in the City of Elk River: <br />ZO Number of new jobs as a result of the project. <br />G'? Number of existing/retained jobs <br />(f7r Total <br /> <br />Less than <br /> <br />Points: 5 <br />25+ 5 <br />20+ 4 <br />15+ 3 <br />10+ 2 <br />10 1 <br /> <br />Points: 5 <br />$8,000 or less 5 <br />$10,0000rless 4 <br />$12,000 or less 3 <br />$15,000 or less 2 <br />Over $15,000 1 <br /> <br />Points:L <br />Over $21/ hour 5 <br />$18-21 / hour 4 <br />$14-17/hour 3 <br />$10-13 / hour 2 <br />Under $10/ hour 1 <br /> <br />4. Ratio ofTRF to new jobs created/retained: <br />$ ~ ocx:> TRF request <br />?:? Number- of new jobs created/retained <br />$ C;;8/8 ofTRF per new job created /retained <br /> <br />5. Wage Level of jobs created: <br />Average hourly wage -;. <br />of jobs created/retained: /3. 00 <br /> <br />6. Project size: <br />The project will result in the construction <br />of square feet ?0C:X:O <br /> <br />40,000+ <br />30,000+ <br />20,000+ <br />10,000+ <br />10,000 or less <br /> <br />City of Elk River <br />Tax Rebate Financing Policy, Amended August 2002 <br /> <br />Points: 2 <br />5 <br />4 <br />3 <br />2 <br />1 <br /> <br />- 12- <br />