(A) The City Council will review, evaluate, and make decisions on specific project applications.
(B) The following factors and other factors deemed appropriate with each application will be given due consideration:
(1) Number and quality of new jobs to be created;
(2) Annual payroll and related pay structures;
(3) Benefit versus costs effects;
(4) Effect on utilities and other services;
(5) Effect on environment, health, and safety;
(6) Business type and feasibility; and
(7) Other appropriate factors.
(C) It is the intent of the City Council for the interest rate of the loans be offered at a below market condition rate to be set by the City Council. In determining the interest rate to be set for a specific project, the City Council will give due consideration to the project impact factors listed above. The attached table has been developed to provide a general guideline regarding rating projects for interest rate purposes.
(Ord. passed - -)