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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 />O 2. To retain local jobs and/or increase the number and diversity of j obs 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: 5 <br />$ 18,150,000 <br />$ 972,000 <br />18: 1 <br />Private Investment <br />Public Investment <br />Ratio Private : Public Financing <br />5:1 5 <br />4:1 4 <br />3:1 3 <br />2:1 2 <br />Less than 2:1 1 <br />C. Job Creation: Points: 5 <br />Net new jobs (minimum 40 hours per week) or <br />15 fulltime equivalents <br />120 Jobs relocated to Ramsey <br />135 Total new jobs to Ramsey <br />D. Wage Level of jobs created: <br />Average hourly wage <br />Of new jobs $22/hr <br />50+ 5 <br />20+ 4 <br />10+ 3 <br />5+ 2 <br />Less than 2 1 <br />Points: 5 <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 />