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City of Lino Lakes, Minnesota TAX ABATEMENT PROPOSAL REVIEW WORKSHEET TO BE COMPLETED BY CITY STAFF 1. The project meets the criteria set forth in Section V of the Tax Abatement policy. a) Meets at least one of the objectives in Section 111. b) Demonstrates need for Tax Abatement with the but -for analysis c) Consistent with all city plans and ordinances d) Serves at least two public purposes as defined in Section V 2. Ratio of Private to Public Investment in Project: Points: $ Private Investment 5:1 5 $ Public Investment 4:1 4 Ratio Private : Public Financing 3:1 3 2:1 2 Less than 2:1 1 3. Job Creation in the City of Points: Private Investment 25+ 5 Public Investment 20+ 4 Total 15+ 3 10+ 2 Less than 10 1 4. Ratio Of Tax ABATEMENT To New Jobs Created: Points: $ Tax Abatement request $8,000 or less 5 Number of newjobs created $10,000 or less 4 $ of Tax Abatement per new job created $12,000 or less 3 $15,000 or less 2 Over $15,000 1 5. Wage Level of jobs created: Points: Average hourly wage Over $21/hour 5 of jobs created $18-21/hour 4 $14-17/hour 3 $10-13/hour 2 Under $10/hour 1 6. Project size: Points: The project will result in the construction 40,000+ 5 of square feet 30,000+ 4 20,000+ 3 10,000+ 2 10,000 or less 1 7. Type of Project: Points: 100% Owner Occupied 5 Mix Owner Occupied & Investment 4 Investment Property 3 Financial Assistance Application Page 10