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2A, TIF White Paper
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2A, TIF White Paper
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TAX INCREMENT FINANCING PROPOSAL <br /> Grading and Report Card <br /> Business and Commercial Redevelopment <br /> 1. Ratio of Private to Public Investment in Project: Points: <br /> Private Funds/TIF <br /> $ Private Investment $5:1 5 <br /> $ TIF/Public Investment 4:1 4 <br /> $ Ratio of Private/Public Financing 3:1 3 <br /> 2:1 2 <br /> Below 2:1 1 <br /> 2. Job Retention/Creation in the City: Points: <br /> New Employees in Arden Hills 50+ 5 <br /> as a Result of Project 25+ 4 <br /> 15+ 3 <br /> Less than 15 2 <br /> NR 1 <br /> 3. Ratio of City financing to jobs retained/created: Points: <br /> $ TIF Request $8,000 or less per job 5 <br /> New jobs $10,000 or less per job 4 <br /> $ TIF/job $12,000 or less per job 3 <br /> $15,000 or less per job 2 <br /> More than $15,000 1 <br /> Page 1 of 5 <br /> PAPlanning\Economic Development\Business Subsidy & Public Financing\Business Subsidy\Busines Subsidy <br /> Grading and Report Card.doc <br />
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