(A) Classification. The classification of projects into the 4 categories is to be determined by reference to a point system derived as follows as indicated hereafter. For the purpose of determining the amount of employment to be generated for purpose of determining the eligibility for the award of points, the projected level of employment at the end of the third year of operations will be used.
(B) Criteria.
(1) Facility is to be the main home office of the company or is the expansion of an applicant which already has its home office in the town (5 points).
(2) Amount to be induced has a ratio to number of jobs of not more than $5,000 per job created or retained (5 points) of not more than $10,000 per job created or retained (3 points).
(3) The overall new investment of applicant in plant, facility and equipment which will not be subject to tax abatement is greater than 50% of the amount of financing to be induced (4 points).
(4) The project is to be or was instrumental to the town in obtaining state or federal grant funds which will assist in attracting additional industrial projects to the town or will assist in acquiring or construction public improvements of benefit to the town beyond the location of the plant in the town (4 points).
(5) The project will employ not less than 20 nor more than 250 employees (2 points).
(6) The project will be under construction within 90 days after inducement and the bond issue is projected to close within 120 days and the applicant has a commitment to purchase the bonds on agreed tams (4 points).
(7) The applicant proposes to engage in a business which will promote diversification in the town (the town reserves the right to change whether any certain type of business promotes diversification during the course of any allocation period and may but is not obligated to determine during the course of any allocation period that any certain type of business will no longer be awarded points under this criteria during that allocation period provided, however, any change shall not affect any point award already made during that allocation period) (5 points).
(8) The applicant has agreed to make substantial contributions toward public improvements needed by the town for the benefit of others in addition to the applicant (5 points).
(9) The applicant has agreed to landscape the facility site in a manner which will enhance the general surrounding area which agreement is referenced by the application letter (5 points).
(10) The proposed facility is to be located within the corporate boundaries of the town or the company has requested annexation and annexation is legally and economically feasible (5 points).
(1996 Code, § 2-39)