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Resolution 00-EDA128
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Resolution 00-EDA128
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Last modified
8/10/2022 11:15:46 AM
Creation date
2/2/2007 9:20:47 AM
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MV EDA
EDA Document Type
Resolutions
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<br />. <br /> <br />. <br /> <br />. <br /> <br />XI. Attachment C: APPLICATION PROPOSAL REVIEW WORKSHEET <br /> <br />REDEVELOPMENT DISTRICT <br /> <br />1. Ratio of Private to Public Investment in Project: <br />$ Private investment <br />$ Public Investment <br />Ratio of Private to Public Financing <br /> <br />Points:. <br />4:1 <br />3:1 <br />2:1 <br />1: 1 <br />1 : 1 <br /> <br />5 <br />4 <br />3 <br />2 <br />1 <br /> <br />Less than <br /> <br />2. Increase in Real Estate Value: <br />$ Value of Site before redevelopment <br />$ Value of site after redevelopment <br />S Ratio of value before:after redevelopment <br /> <br />3. New Job Creation in the City of MoundsView: Points: <br />Number of net new jobs as a result of the project. 50+ 5 <br />Number of existing/retained jobs divided by 10. 30+ 4 <br />Total 25+ 3 <br />15+ 2 <br />Less than 15 1 <br /> <br />Points:_ <br />1 :5+ 5 <br />1:4 4 <br />1:3 3 <br />1:2 2 <br />1:2 1 <br /> <br />Less than <br /> <br />4. Ratio of TIF to new jobs created: <br />$ TIF request <br />Number of new jobs created <br />$ of TIF per new job created <br /> <br />Points:_ <br />$15,000 or less 5 <br />$20,000 or less 4 <br />$22,000 or less 3 <br />$25,000 or less 2 <br />Over $25,000 1 <br /> <br />5. Wage Level of jobs created: <br />Average hourly wage <br />of jobs created: <br /> <br />Points:. <br />Over $21/ hour 5 <br />$18 -21 / hour 4 <br />$14-17/hour 3 <br />$10-13/hour 2 <br />Under $10 / hour1 <br /> <br />6. Project size: <br />The project will result in a net square <br />footage of <br /> <br />Points: <br />Over 100,000 5 <br />80,000+ 4 <br />60,000+ 3 <br />40,000+ 2 <br />40,000 or less 1 <br /> <br />13 <br />
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