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7. Market Value/Tax Base Generation: Points: <br />The project will result in a per square foot Industrial Commercial <br />estimated market value (land and building) $80/sf+ $110/sf+ 5 <br />of $70/sf+ $100/sf+ 4 <br /> $60/sf+ $90/sf+ 3 <br /> $50/sf+ $80/sf+ 2 <br /> $40/sf+ $70/sf+ 1 <br />8. Type of Project: Points: <br />100% Owner Occupied 5 <br />Mix Owner Occupied & Investment 4 <br />Investment Property 3 <br />9. Use: Points: <br />Manufacturing 5 <br />Research & Development 4 <br />Commercial Redevelopment 3 <br />Warehouse/Distribution 2 <br />Housing 1 <br />10. Likelihood that the project will result in Points: <br />unsubsidized, spin-off development. High 5 <br />Moderate 3 <br />Low 1 <br />Sub -Total Points: of a possible 45 points. <br />11. Bonus Points <br />The project will be 100% Pay-aryougo TIF. <br />The project contributes to the goals of Energy City. <br />• Product promotes sensible use of energy, OR <br />• Project utilizes significant energy efficient design &/or <br />materials in construction. <br />Bonus Points: <br />3 points <br />2 points <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 & Application <br />Amended May 2006 <br />Page 13 of 14 <br />