Laserfiche WebLink
TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br /> <br /> TO BE COMPLETED BY CITY STAFF <br /> <br />1. The project meets the criteria set forth in Section V of the Tax <br />Rebate Financing policy. <br />__ a) Meets at least one of the objectives in Section III. <br />__ b) Demonstrates need for TRF with the but-for analysis. <br />__ c) Consistent with all city plans and ordinances. <br />__ d) Serves at least two public purpose as defined in Section V. <br /> <br />2. Ratio of Private to Public Investment in Project: <br />$ Private investment <br />$ Public Investment <br /> Ratio Private: Public Financing <br /> <br />Less than <br /> <br />Points: <br />5:1 5 <br />4:1 4 <br />3:1 3 <br />2:1 2 <br />2:1 I <br /> <br />3. Job Creation in the City of Elk River: <br />__ Number of new jobs as a result of the project. <br />__ Number of existing/retained jobs divided by 10. <br /> Total <br /> <br />Less than <br /> <br />Points: <br />25+ 5 <br />20+ 4 <br />15+ 3 <br />10+ 2 <br />10 I <br /> <br />4. Ratio of TRF to new jobs created: <br />$ TRF request <br /> Number of new jobs created <br />$ of TRF per new job created <br /> <br />Points: <br /> <br />$8,000 or less <br />$10,000 or less <br />$12,000 or less <br />$15,000 or less <br />Over $15,000 <br /> <br />5 <br />4 <br />3 <br />2 <br />1 <br /> <br />5. Wage Level of jobs created: <br />Average hourly wage <br />of jobs created: <br /> <br />Points: <br /> <br />Over $21/hour 5 <br />$18-21 / hour 4 <br />$14-17 / hour 3 <br />$10-13 / hour 2 <br />Under $10/hour I <br /> <br />6. Project size: <br />The project will result in the construction <br />of square feet <br /> <br /> Points: <br />40,000+ 5 <br />30,000+ 4 <br />20,000+ 3 <br />10,000+ 2 <br />10,000 orless 1 <br /> <br />12 <br /> <br /> <br />