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Econ. Dev. Mgr/Assistant City Administrator Brama stated the meeting is to consider a request from PSD LLC for $500,000 of City assistance to their proposed 122 -unit apartment complex in The COR. Member Hardin asked what has caused the scoring to be lower than expected. Econ. Dev. Mgr/Assistant City Administrator Brama stated within the housing assistance application there are a number of scoring matrixes, a number of goal initiatives and individual scoring items. In some particular instances PSD rated them as being compliant with certain specific items and staff felt they were not one hundred percent in compliance or were partially compliant. Development Services Manager Gladhill reviewed some of the items in regards to scoring of the proj ect. Econ. Dev. Mgr/Assistant City Administrator Brama noted some items were counted twice and should not have been. Development Services Manager Gladhill stated they could award partial points for some of the items but not full points. He stated other energy efficient and stormwater regulations were being counted although they were not necessarily providing them. He noted they did add some points that were not in there also. This project falls within the eighty percent area median income and is considered affordable by definition so extra points were awarded for that which were not included in PSD's original scoring matrix. Chairperson Steffen stated they had 68 points out of a possible 152 points. He thought that looked like a failing grade and wondered if this was good or bad. Development Services Manager Gladhill stated there is no minimum points. He stated there is not any one project that will be at one hundred percent of the points. He stated there will be times that if you meet a certain percentage of quality they are looking for there is a sliding scale. He stated there is no pass/fail and it is impossible for any one project to get one hundred percent of the points. Chairperson Steffen stated they did not get half the points so what should the EDA glean from the 68 points. Development Services Manager Gladhill stated he would ask the EDA to look at the specifics on what they are providing. He noted the location scores high for them because of its proximity to transit and industrial parks. Member Hardin asked if they keep some type of spreadsheet on how the different developments scored so the EDA can compare how the project stacks up to others. Development Services Manager Gladhill stated this is a new policy, adopted in 2014, and they do not have the history of applying that here but they could start a spreadsheet for future projects. Economic Development Authority/September 17, 2015 Page 2 of 6