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TAX REBATE FINANCING PROPOSAL REVIEW WORKSHEET <br />TC~ RF C`C~MPI FTFI~ RY C`ITY CTAFF <br />1. The project meets the criteria set forth in Section V of the Tax Rebate Financing <br />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 purposes as defined in Section V. <br />2. Ratio of Private to Public Investment in Project: Points: S <br />$ 5 Private investment ~ 5:1 5 <br />$ EGY~,OG~ Public Investment 4:1 4 <br />~o t / Ratio Private :Public Financing 3:1 3 <br />2:1 2 <br />Less than 2:1 1 <br />3. Job Creation in the Ciry of Elk River: Points: S <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 TRF to new jobs created/retained: Points: S <br />$~~~~ TRF request $8,000 or less 5 <br />~~ Number of neav jobs created/retained $10,000 or less 4 <br />$ G~8/~ of TRF per neu~ job created /retained $12,000 or less 3 <br />$15,000 or less 2 <br />Over $15,000 1 <br />5. Wage Level of jobs created: Points: <br />Average hourly wage ~ Over $21 / hour 5 <br />of jobs created/retained: ~~ ~ $18-21 /hour 4 <br />$14-17 /hour 3 <br />$10-13 /hour 2 <br />Under $10 /hour 1 <br />6. Project size: Points: 3 <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 />City of Elk River <br />Tax Rebate Financing Policy, Amended August 2002 - 12 - <br />