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<br />x. TAX ABATEMENT APPLICATION REVIEW WORKSHEET <br />I TO BE COMPLETED BY CITY STAFF I <br /> <br />1. ~roiect meets the criteria set forth in Section V of the Tax Abatement policy. <br />a) Meets at least one of the objectives in Section III. <br />b) Demonstrates need for Tax Abatement with the butforanalysis:-~ e<<c~cff7 <br />c) Consistent with all city plans and ordinances. <br />v" d) Serves at least two public purposes as defined in Section V(g). <br /> <br />2. Ra~~ 9f !Il:;te to All Public Investment in Project: <br />$ /27"~ rivate Investment <br />$ .g>SO,ooo Public Investment-.n?~ ;~tuP7 <br />/"9'~ : / Ratio Private: Public Financing <br /> <br />3. Job Creation in the City of Elk River: <br />20 Number of new jobs as a result of the project. <br />Number of existing/retained jobs <br />2/:) Total <br /> <br />4. Ratio of Public Investment to Job Creation: <br />$8SacoO Public Investment -/1'?~i/?7t(/?7 <br />2CJ Number of new jobs created/retained <br />$ '12. "S 00 of Public Investment per new job <br /> <br />5. Wage Level of new jobs created/retained <br />Minimum hourly wage . :I <br />of jobs created/retained: 2 ~ 00 <br /> <br />6. Project size: <br />The project will result in the construction <br />of square feet /87; Q:)C!> <br /> <br />City of Elk River <br />Tax Abatement Policy <br />Amended May 2006 <br /> <br />Less than <br /> <br />Points: <br />~1 <br />4:1 <br />3:1 <br />2:1 <br />2:1 <br /> <br />'5 <br />~ <br />4 <br />3 <br />2 <br />1 <br /> <br />Points: ~ <br /> <br />Less than <br /> <br />25+ <br />/"20+ <br />15+ <br />10+ <br />10 <br /> <br />5 <br />4- -::: <br />3 <br />2 <br />1 <br /> <br /> <br />Points:~ <br /> <br />$8,000 or less 5 <br />$10,000orless 4 <br />$12,000 or less 3 <br />$15,000 or less 2 <br />~5,000 ~ <br /> <br />Points: S- <br /> <br />~~hOur <br />$18-21 our <br />$14-17 / hour <br />$10-13 / hour <br />Under $10 / hour <br /> <br />~ <br />4 <br />3 <br />2 <br />1 <br /> <br />Points: <br />~m+ <br />30,000+ <br />20,000+ <br />10,000+ <br />10,000 or less <br /> <br />'5"" <br /> <br />~ <br />4 <br />3 <br />2 <br />1 <br /> <br />- 13- <br />