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EXHIBIT V
<br />
<br />Market Value Analysis Report
<br />
<br /> City of Elk River, Minnesota
<br />
<br />Tax Increment Financing (Redevelopment) District No. 19
<br />(U.S. Highway 169 and County Highway 12 Project)
<br />
<br />AssumDtions
<br /> Present Value Date
<br /> P.V. Rate - Gross T.I.
<br />
<br />08/01/98
<br /> 7.50%
<br />
<br />Increase in EMV With TIF District
<br />Less: P.V of Gross Tax Increment
<br />
<br />Subtotal
<br />Less: Increase in EMV Without TIF
<br />
<br />Difference
<br />
<br />$36,000,000
<br />12,549,987
<br />
<br />$23,450,013
<br /> 0
<br />
<br />$23,450,013
<br />
<br />Year
<br />
<br />1 2000
<br />2 2001
<br />3 2002
<br />4 2003
<br />5 2004
<br />6 2005
<br />7 2006
<br />8 2007
<br />9 2008
<br />10 2009
<br />11 2010
<br />12 2011
<br />13 2012
<br />14 2013
<br />15 2014
<br />16 2015
<br />17 2016
<br />18 2017
<br />19 2018
<br />20 2019
<br />21 2020
<br />22 2021
<br />23 2022
<br />24 2023
<br />25 2024
<br />
<br />Annual Present
<br />Gross Tax Value @
<br />Increment 7.50%
<br />
<br />312,211 266,929
<br />624,422 496,613
<br />1,014,686' 750,694
<br />1,404,950 966,905
<br />1,404,950 899,447
<br />1,404,950 836,694
<br />1,404,950 778,320
<br />1,404,950 724,019
<br />1,404,950 673,506
<br />1,404,950 626,517
<br />1,404,950 582,807
<br />1,404,950 542,146
<br />1,404,950 504,322
<br />1,404,950 469,136
<br />1,404,950 436,406
<br />1,404,950 405,959
<br />1,404,950 377,636
<br />1,404,950 351,290
<br />1,404,950 326,781
<br />1,404,950 303,982
<br />1,404,950 282,774
<br />1,404,950 263,046
<br />1,404,950 244,694
<br />1,404,950 227,622
<br />1,404,950 211,742
<br />
<br />$32,860,219 $12,549,987
<br />
<br />Prepared by: Spfingsted Incorporated (6/11/98)
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