Common use of Objective Criteria Clause in Contracts

Objective Criteria. In order for the economic development incentives application to be considered the following must be addressed in written format by the applicant using “City of ▇▇▇▇▇▇ Application for Economic Development Incentives” attached to this policy as Exhibit B: A. Number of new jobs in Keller that will be created by the project. B. Average salary detailed by skilled, unskilled and management positions. C. Total annual payroll created by the project. D. The net tax base valuation (real and personal property) that will be added by the project. E. Projected annual sales tax that will be directly generated by the project for a time period of 5 years and 10 years.

Appears in 2 contracts

Sources: Economic Development Program Agreement, Economic Development Program Agreement