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8-26-13
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8-26-13
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8-26-13 EDA Packet
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8-26-13 EDA Packet
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8-26-13 EDA Packet
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8/26/2013
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Public Financing Proposal <br />Grading and Report Card <br />Business and Commercial Redevelopment <br />FINAL GRADE:F <br />1Ratio of private investment to public investment in project: <br />Points: <br />0 <br />Note: Private investment includes developer cash, loans from banks, conduit bonds, tax credit equity and land if already owned by developer <br />Private Funds/Public FundsPoints <br />$-3to11 <br />Private Investment <br />$-4to12 <br />Public Investment <br />#DIV/0!5to13 <br />Ratio of Private/Public Financing <br />6to14 <br />7 & Upto15 <br />2Minimum Valuation threshold <br />Points: <br />0 <br />Industrial ValuationPoints <br />$-$601 <br />Building Valuation <br />0$61to$702 <br />Building Square Footage <br />$0.00$71to$803 <br />Value Per Sq/Ft <br />$81&Up4 <br />Points: <br />0 <br />Retail ValuationPoints <br />$-$1251 <br />Building Valuation <br />0$126to$1502 <br />Building Square Footage <br />$151to$1753 <br />Value Per Sq/Ft <br />$176&Up4 <br />Points: <br />0 <br />Office ValuationPoints <br />$-$1001 <br />Building Valuation <br />0$101to$1102 <br />Building Square Footage <br />$111to$1203 <br />Value Per Sq/Ft <br />$121&Up4 <br />Points: <br />0 <br />3Increase in real estate value: <br />Points: <br />0 <br />Before/After Points <br />$-1to1.90 <br />Value of site before redevelopment <br />$-1to21 <br />Value of site after redevelopment <br />#DIV/0!1to32 <br />Ratio of value before/after redevelopment <br />1to43 <br />1to54 <br />1&Up5 <br />4Bonus Points (18 points total) <br />Points:0 <br />Points <br />AvailAwarded <br />A. Project will add value to and likely stimulate further investment in surrounding neighborhood30 <br />B. Provides opportunities for restaurant30 <br />C. Project attracts or retains significant employer within the City30 <br />D. Provides opportunity for hi-tech, med-tech and R & D facilities/office30 <br />E. Provides significant rehabilitation or expansion of existing facility20 <br />F. Provides opportunities for high end and/or specialty retail20 <br />G. Project will redevelop a blighted and/or challenged site10 <br />H. Provides opportunities for small business10 <br />180 <br />TOTAL <br />32 Total Points Available <br />5 <br />TOTAL POINTS0Total PointsGrade:F <br />0to5F <br />6to10D <br />11to15C <br />16to21B <br />22to32A <br />1 <br />
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