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02-26-1998
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02-26-1998
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Last modified
8/8/2018 5:24:06 AM
Creation date
8/8/2018 5:23:19 AM
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MV EDC
EDC Document Type
Council Packets
Date
2/26/1998
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Adopted 5/12/97 <br /> 10. WORKSHEET SUMMARY <br /> POINT VALUE <br /> Public versus Private +3 Staff Pt.Value <br /> Number of Employees +4 EDC Pt. Value <br /> Public Investment per Employee 0 <br /> Pay Level of Positions 0 Comments: <br /> Real Estate/Property Taxes Generated +5 <br /> Significant Impact Multiplier +2 <br /> Service Impact -4 Retail & senior housing <br /> require additional <br /> services <br /> Form of TIF Assistance Required +5 <br /> Total Points 15 <br /> 11. RATING FOR PROJECTS LOCAfhD WITHIN TIF DISTRICTS 1, 2,AND 3 S <br /> Point Value Term of Assistance <br /> 0-10 0 Years <br /> 11 - 13 3 Years - or- Remaining life of 11r <br /> District, whichever is less <br /> 14 - 16 5 Years - or- Remaining life of TIF <br /> District,whichever is <br /> less <br /> 17 -20 7 Years -or-Remaining life of 1111' <br /> District, whichever is less <br /> 21 and Over 10 Years -or-Remaining life of in: <br /> District, whichever is less <br /> 1110 <br />
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