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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 />8. Type of Project: Points: <br />100% Owner Occupied 5 <br />Mix Owner Occupied & Investment 4 <br />Investment Property3 <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 /> Moderate 3 <br /> Low 1 <br />Sub - Total Points: of a possible 45 points. <br />11. Bonus Points Bonus Points: <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 />Product promotes sensible use of energy, OR <br />Project utilizes significant energy efficient design &/or <br /> materials in construction. <br /> <br /> <br />Total Points: Project Rating: Points: Max Eligibility: <br />Overall project analysis: High 50-38 points 100% <br />Moderate 37-29 points 85% <br />Low 28-20 points 65% <br />Not Eligible 19-0 points 0% <br /> <br />City of Elk River Tax Increment Financing Policy & Application <br />Amended March 2017 <br />Page 19 of 15 <br />