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<br /> <br /> <br />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 /> <br />8. Type of Project: Points: _____ <br /> 100% Owner Occupied 5 <br /> Mix Owner Occupied & Investment 4 <br /> Investment Property 3 <br /> <br />9. Use: Points: _____ <br /> Manufacturing 5 <br /> Research & Development 4 <br /> Commercial Redevelopment 3 <br /> Warehouse/Distribution 2 <br /> Housing 1 <br /> <br /> <br />10. Likelihood that the project will result in Points: _____ <br />unsubsidized, spin-off development. High 5 <br /> <br />Moderate 3 <br /> Low 1 <br /> <br /> <br />Sub - Total Points: of a possible 45 points. <br /> <br /> <br /> _ <br />11. Bonus Points Bonus Points: <br /> <br /> The project will be 100% Pay-as-you-go TIF. 3 points <br /> The project contributes to the goals of Energy City. 2 points <br /> <br /> <br />Product promotes sensible use of energy, OR <br /> <br /> <br />Project utilizes significant energy efficient design &/or <br /> materials in construction. <br /> <br /> <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 /> <br />City of Elk River Tax Increment Financing Policy & Application <br />Amended February 2014 <br />Page 13 of 15 <br />