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7.0. EDSR 04-12-2004
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7.0. EDSR 04-12-2004
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City Government
type
EDSR
date
4/12/2004
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7. Ty f Project: Points: ! <br /> • 100%G/ <br /> Owner Occupied 5 J <br /> Mix Owner Occupied& Investment 4 <br /> Investment Property 3 <br /> 8. Use Points: <br /> Industrial or Business Park Project <br /> Commercial Rehabilitation/Redevelopment 4 <br /> 9. The project will pay annual Points: <br /> property taxes in the first fully 35,000+ 5 <br /> assessed year of$ 7i 79" 25 000+ 4 <br /> 1000+ 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 /> 1"-Moderates <br /> Low 1 <br /> Sub -Total Points: 2 7 of a possible 45 points. <br /> . 9. Bonus Points Bonus Points: <br /> ( The project will be 100%Pay-asyougo TRF. 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::32 <br /> Overall project analysis: High 45-38oints <br /> Moderate 37-29 poin <br /> ow 28- points <br /> Not Eligible 19-0 points <br /> 411 <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 13 - <br />
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