Laserfiche WebLink
D. PROJECT REVIEW AND EVALUATION CRITERIA <br /> The project review and evaluation criteria are the following: <br /> 1.Jobs and Wages <br /> a. New Jobs. The minimum net number of direct full time equivalent jobs to be <br /> created or retained by the proposed project for a period of at least two years from the estimated <br /> benefit date. <br /> b. Payroll. The minimum annual net payroll (including employer contributions for <br /> health benefits)to be generated at the end of the third anniversary date of the estimated benefit <br /> date. <br /> 2. Tax Base <br /> a. Increase in Tax Base. The net increase in property taxes estimated to be generated <br /> by the project in the first full year of operation. <br /> 3. Land Use <br /> a. Compliance with Comprehensive or Other Plans. Whether, apart from any needed <br /> services to the community described in section 5 below, the project is more compatible with the <br /> comprehensive plan than other permitted uses for the property. For example,the project may <br /> involve a "clean" industry such as a technology or service business which is preferred over other <br /> permitted uses. <br /> b. Marginal Property. Whether the project is located on property which needs but is <br /> not likely to be developed or redeveloped because of blight or other adverse conditions of the <br /> property. For example property may be so blighted that the cost of making land ready for <br /> redevelopment exceeds the property's fair market value. <br /> c. Design and/or Other Amenities. Whether, as a result of the business subsidy,the <br /> project will include design and/or amenity features not otherwise required by law. For example, <br /> the project may, at the request of the HRA, include landscaping, open space,public trails, <br /> employee work out facilities or day care facilities which serve a public purpose but are not <br /> required by law. <br /> 4. Imnact on Existing and Future Public Investment <br /> a. Utilization of Existing Infrastructure Investment. Whether and to what extent(a) <br /> the project will utilize existing public infrastructure capacity and(b)the project will require <br /> additional publicly funded infrastructure investments. <br /> 3 <br />