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7. Market Value/Tax Base Generation: <br />The project will result in a per square foot <br />estimated market value (land and building) <br />of <br />8. Type of Project: <br />100% Owner Occupied <br />Mix Owner Occupied & Investment <br />Investment Property <br />8. Use: <br />Manufacturing <br />Research & Development <br />Commercial Redevelopment <br />W axehouse /Distribution <br />Housing <br />9. Likelihood that the project will result in <br />unsubsidized, spin-off development. <br /> Points: <br />Industrial Commercial <br />$90/sf+ $110/sf+ 5 <br />$80/sf+ $100/sf+ 4 <br />$70/sf+ $90/sf+ 3 <br />$60/sf+ $80/sf+ 2 <br />$50/sf+ $70/sf+ 1 <br />Points: <br />5 <br />4 <br />3 <br />Points: <br />5 <br />4 <br />3 <br />2 <br />1 <br />Points• <br />High 5 <br />Moderate 3 <br />Low 1 <br />Sub -Total Points: of a possible 45 points. <br />10. Bonus Points <br />Bonus Points: <br />The project will be 100% Pay-aryougo TIF. 3 points <br />The project contributes to the goals of Energy City. 2 points <br />• Pxoduc[ promotes sensible use of energy, OR <br />• Project utilizes significant energy efficient design &/or <br />materials in construction. <br />Total Points: <br />Overall project analysis: High 45-38 points <br />Moderate 37-29 points <br />Low 28-20 points <br />Not Eligible 19-0 points <br />City of Elk River <br />Tax Increment Policy & tlpplication <br />1" Draft Modified Apri12006 <br />Page 17 of 14 <br />