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16 <br /> <br />X. ATTACHMENT B C: APPLICATION REVIEW WORKSHEET <br /> <br />1. The project meets the criteria set forth in Section V of the Tax <br />Abatement Rebate Financing policy. a) Meets at least one of the objectives in Section III. d) Conforms with one of the eligible uses the criteria defined in Section V. b) Demonstrates need for TAF with the but-for analysis. c) Consistent with all city plans and ordinances. <br />2. Ratio of Private to Public Investment in Project: Points: $ Private investment 5:1 5 $ Public Investment 4:1 4 <br /> Ratio Private : Public Financing 3:1 3 2:1 2 Less than 2:1 1 <br />3. Job Creation in the City of Mounds View: Points: Number of net new jobs as a result of the project ≥25+ 5 Number of existing/retained jobs divided by 10. ≥20+ 4 <br /> Total ≥15+ 3 ≥10+ 2 Less than 10 1 <br />4. Ratio of TRAF to new jobs created: Points: $ TRAF request $8,000 or less 5 Number of new jobs created $10,000 or less 4 <br />$ of TRAF per new job created $12,000 or less 3 $15,000 or less 2 Over $15,000 1 <br />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 $910-13 / hour 2 Under $910 / hour 1 <br />6. Project size: Points: The project will result in the construction 2530,000+ 5 of net square feet 20,000+ 4 10,000+ 3 5,000+ 2 5,000 or less 1 <br />Item 06A M.V. Tax Rebate Policy 7.18.03 Draft.doc <br />TO BE COMPLETED BY CITY STAFF