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Agenda - Council - 08/24/2021
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Agenda - Council - 08/24/2021
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3/14/2025 3:07:01 PM
Creation date
9/30/2021 9:19:30 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/24/2021
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EXHIBIT 11 <br />BUSINESS ASSISTANCE REVIEW WORKSHEET <br />FOR COMMERCIAL/MUSTRIAL PROJECTS <br />TO BE COMPLETED )3Y APPLICANT AlD PUY STAFF, <br />A. The project meets which of the following objectives as set forth in Section C of the Business <br />Assistance policy: <br />LJ 1. To encourage redevelopment, <br />111 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 />El 3. To enhance and/or diversify the citys economic base. <br />4. To encourage additional unsubsidized private (re)development. <br />El 5. To remove blight andior 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 />$ ll 531 01 Private Investment <br />$ II( 11,11 33 Public Investment <br />35;1 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: S <br />Net new jobs (minimum 40 hours per week) or <br />fulltime equivalents <br />D. Wage Level ofjobs 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 />_ <br />Points: <br />ti <br />Over $21/hour <br />$18-21fhour <br />$14-17/hour 3 <br />110-13/hour 2 <br />Under $10/hour 1 <br />
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