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126 <br /> to be expanded to produce a net increase of full time equivalent jobs and payi ull, <br /> over and above the minimum net increase in jobs and payroll described in-section 1 <br /> -above. <br /> 6. Quality of Life <br /> a. Community Services. Whether the project will provide services in the community <br /> and the -need for. such services. For example, the project may provide health <br /> services, retail convenience services such as a nearby grocery store, or social <br /> services needed in the community. <br /> 7. Other <br /> a. Other Factors. Depending on the nature of the project, such other factors as the City <br /> may deem relevant in evaluating the project and business subsidy proposed for it. <br /> C. Project Review and Evaluation Criteria <br /> All projects must comply with the following criteria: <br /> 1. But For Test. There is a substantial likelihood that the project would not go forward <br /> without the business subsidy. This criterion may be met based solely on representations <br /> of the recipient of the business subsidy. <br /> 2. Wage Policy. If the project results in the creation of any jobs, the wage for each part- <br /> time and full-time job created must be, within two years of the date assistance is <br /> received (as defined in the Act), at least $ [INSERT MINIMUM WAGE REQUIRED BY <br /> 'CITY] per hour or such'greater amount as the City may require for a specific project. <br /> . 3. Economic Feasibility. The recipient must demonstrate to the satisfaction of the City that <br /> it has adequate financing for the project and that the project will be completed in a timely <br /> fashion. <br /> 4. Compliance with Act. The business subsidy from the City must satisfy all requirements <br /> of the Act. <br /> Adopted by: <br /> Date of adoption: <br /> Date of public hearing: <br />