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7.0. EDSR 03-08-2004
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7.0. EDSR 03-08-2004
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City Government
type
EDSR
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3/8/2004
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7. Type <br /> of Project: <br /> • Points: <br /> 100% Owner Occupied 5 <br /> t.- Mix Owner Occupied&Investment C-----47':--.-- <br /> Investment <br /> - -'' <br /> Investment Property 3 <br /> 8. Use- Point <br /> V Industrial or Business Park Project 5 <br /> Commercial Rehabilitation/Redevelopment 4 <br /> -.-- <br /> 9. <br /> 9. The project will pay annual Points: <br /> _ <br /> property taxes in the first fully .--5--,-O--g---f5_ - <br /> 00+35,0 5 <br /> assessed year of$ '"7 i 25,000+ 4 <br /> 15,000+ 3 <br /> 10,000+ 2 <br /> Under$10,000 1 <br /> 10. Likelihood that the project will result in Points: <br /> unsubsidized, spin-off development. High 5 <br /> //Moderat , <br /> ) <br /> Low 1 <br /> Sub-Total Points: �C.D of a possible 45 points. <br /> • 9.Bonus Points Bonus Points: <br /> The project will be 100%Pay-asyougo TRF. 3 points <br /> The project contributes to the goals of Energy 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 analysis: ..h _. 45-38.pooiints <br /> oderate 37-29pomts5, <br /> ow 28-20 points <br /> Not Eligible 19-0 points <br /> III <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 13 - <br />
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