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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 r G -;- _ <br />8. Type of Project: <br />100% Owner Occupied <br />— Mix Owner ccu - e -& Investment - - <br />Investment Property <br />9. Use: <br />Industrial or Business Park Project <br />Commercial Rehabilitation /Redevelopment <br />10. Likelihood that the project will result in <br />unsubsidized, spin -off development. <br />Industrial <br />$80 /sf+ <br />$70 /sf+ <br />$60 /sf+ <br />$50 /sf+ <br />$40 /sf+ <br />Points: <br />Corrunercial <br />$110 /sf+ 5 <br />$100 /sf+ 4 <br />$90 /sf+ 3 <br />$80 /sf+ 2 <br />$70 /sf+ 1 <br />Points: <br />5 <br />-- - - -- -4 <br />3 <br />Sub -Total Points: 36' of a possible 45 points. <br />Points: <br />5 <br />4 <br />Points: <br />High 5 <br />Moderate 3 <br />Low 1 <br />11. Bonus Points Bonus Points: A <br />The project will be 100% Ry- as:yorsgo Tax Abatement 3 points <br />_ The project contributes to the goals of Energl City. 2 points <br />• Product promotes sensible use of energy, OR <br />• Project utilizes significant energy efficient design & /or <br />materials in construction. <br />Total Points: <br />Overall project desirability: 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 abatement Policy <br />Amended May 2006 <br />-14- <br />