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spreadsheet which I put together to attempt to illustrate what a payment schedule might be for <br /> this development if certain assumptions come true. The assumptions are listed at the bottom <br /> of the spreadsheet. <br /> 2. Are the job and wage goals too low. The job and rage goals in the agreement are strictly there <br /> to satisfy state requirements. State statutes state that there have to be job and wage goals <br /> anytime Cities give assistance to private developers. If these goals are not met then any <br /> assistance given has to be paid back. State statutes do not specify how to determine job and <br /> wage goals, only that there has to be some. For that reason they are set low in agreements to <br /> ensure that assistance does not have to be paid back. The actual number of jobs generated and <br /> the actual wages paid will exceed the goals listed. <br /> ick Jopke <br /> Community Development Director <br /> N:\DATA\GROUPS\ECONDEV\EDA-EDC\EDA\STAFF99\04-5-99.WPD <br />