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D. PUBLIC PURPOSE <br /> It is the policy of the City of Mounds View that the use of Public Financing should result in a benefit to the <br /> public. Please indicate how this project will serve a public purpose: <br /> Creation of jobs with livable wages and benefits. <br /> Significantly increase the City's tax base. <br /> Enhancement or diversification of the city's economic base. <br /> Industrial development that will spur additional private investment in the area. <br /> Fulfillment of defined city objectives such as those identified in the City's Comprehensive Plan, <br /> among others. <br /> Removal of blight or the rehabilitation of a high profile or priority site. <br /> Enhancement or diversification of the city's housing stock. <br /> Development that will spur additional private investment in the area. <br /> E. JOB & WAGE GOALS <br /> B.(New)Full- C.(New) Hourly Value <br /> Hourly Wage Hourly Value of <br /> A.Existing time Job Part-time Job Total Jobs of Non-Health <br /> (excluding Health <br /> Jobs Retained Creation Creation (A+B+C) Insurance <br /> Benefits) within 2 years within 2 years Insurance Benefits <br /> $9.00 to$10.99 $ S <br /> $11.00 to$12.99 $ $ <br /> $13.00 to$14.99 $ $ <br /> $15.00 to$16.99 $ $ <br /> $17.00 to$18.99 • <br /> $ $ <br /> $19.00 to$20.99 $ $ <br /> $21.00 to$22.99 $ $ <br /> $23.00 to$24.99 $ $ <br /> $25.00 to$26.99 $ $ <br /> $27.00 to$28.99 $ $ <br /> $29.00 to$30.99 $ $ <br /> $31.00 and higher $ $ <br /> City of Mounds View Public Financing Policy&Application <br /> Adopted February,2016(Expected) <br /> Page 11 of 21 <br />