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Agenda - Economic Development Authority - 04/14/2011 - Joint Meeting
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Agenda - Economic Development Authority - 04/14/2011 - Joint Meeting
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3/19/2025 2:44:03 PM
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4/11/2011 12:14:37 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Title
Joint Meeting
Document Date
04/14/2011
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EXHIBIT B <br />BUSINESS ASSISTANCE REVIEW WORKSHEET <br />FOR COMMERCIAL /INDUSTRIAL PROJECTS <br />TO BE COMPLETED BY APPLICANT AND CITY STAFF <br />A. The project meets which of the following objectives as set forth in Section C of the Business <br />Assistance policy: <br />❑ 1. To encourage redevelopment. <br />❑ 2. To retain local jobs and /or increase the number and diversity of jobs that offer stable <br />employment and /or attractive wages and benefits. <br />❑ 3. To enhance and /or diversify the City's economic base. <br />❑ 4. To encourage additional unsubsidized private ( re)development. <br />❑ 5. To remove blight and /or encourage (re)development of commercial and industrial <br />areas. <br />❑ 6. To accomplish other public policies which may be adopted such as the promotion of <br />quality urban or architectural design, energy conservation, and decreasing capital <br />and /or operating costs of local government. <br />• Utilization of architectural and landscaping techniques that will enable the <br />components of the project to blend with the natural environment. <br />• Mitigation of project impact on the natural environment. <br />B. Ratio of Private to Public Investment in Project: Points: <br />$ Private Investment 5:1 5 <br />$ Public Investment 4:1 4 <br />Ratio Private : Public Financing 3:1 3 <br />2:1 2 <br />Less than 2 1 <br />C. Job Creation: Points: <br />Net new jobs (minimum 40 hours per week) or <br />fulltime equivalents <br />D. Wage Level of jobs created: <br />Average hourly wage <br />Of new jobs <br />50+ 5 <br />20+ 4 <br />10+ 3 <br />5+ 2 <br />Less than 2 1 <br />Points: <br />Over $21 /hour 5 <br />$18- 21/hour 4 <br />$14 -17 /hour 3 <br />$10 -13 /hour 2 <br />Under $10 /hour 1 <br />
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