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2A, TIF White Paper
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2A, TIF White Paper
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4. Pay Level of Jobs (FTE): Points: <br /> Pay Range # of Employees in range Total wages Points <br /> $45,000/yr or more 5 <br /> $35,000/yr or more 4 <br /> $30,000/yr or more 3 <br /> $20,000/yr or more 2 <br /> Less than $20,000 1 <br /> Total <br /> Total Wages $ (FTE) # of employees = Average wage $ <br /> 5. Increase in Real Estate Value: Points: <br /> Before/After Redevelopment <br /> Value of site after redevelopment 1:5 5 <br /> Value of site before redevelopment 1:4 4 <br /> Ratio of value before/after redevelopment 1:3 3 <br /> 1:2 2 <br /> 1:1.5 1 <br /> Bonus points (6 points total) <br /> • The Project adds value to the neighborhood and/or <br /> incorporates active community living principles: 2 points <br /> • The proposed project will redevelop a previously contaminated <br /> or environmentally challenged site: 2 points <br /> • Projects that incorporate sustainable building practices: 2 points <br /> TOTAL BONUS POINTS AVAILABLE 6 points <br /> Page 2 of 5 <br /> P:\Planning\Economic Development\Business Subsidy & Public Financing\Business Subsidy\Busines Subsidy <br /> Grading and Report Card.doc <br />
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