Laserfiche WebLink
<br />City of Elk River Tax Abatement Policy & Application <br />Amended February 2014 <br />Page 14 of 15 <br /> <br /> $10-13 / hour 2 <br /> Under $10 / hour 1 <br /> <br />6. Project size: Points: _____ <br />The project will result in the construction 40,000+ 5 <br />of square feet 30,000+ 4 <br /> 20,000+ 3 <br /> 10,000+ 2 <br /> 10,000 or less 1 <br /> <br /> <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 /> Industrial or Business Park Project 5 <br /> Commercial Rehabilitation/Redevelopment 4 <br /> <br />10. Likelihood that the project will result in Points: _____ <br />unsubsidized, spin-off development. High 5 <br /> Moderate 3 <br /> Low 1 <br /> <br />11. Bonus Points Bonus Points: <br /> <br />Sub - Total Points: _______ of a possible 45 points.