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25,000+ 1 <br />7. Market Value /Tax Base Generation: <br />Points: <br />The project will result in a per square foot <br />Industrial <br />Commercial <br />estimated market value (land and building) <br />$80 /sf+ <br />$110 /sf+ 5 <br />of <br />$70 /sf+ <br />$100 /sf+ 4 <br />$60 /sf+ <br />$90 /sf+ 3 <br />$50 /sf+ <br />$80 /sf+ 2 <br />$40 /sf+ <br />$70 /sf+ 1 <br />8. Type of Project: Points: <br />100% Owner Occupied 5 <br />Mix Owner Occupied & Investment 4 <br />Investment Property 3 <br />9. Use: Points: <br />Manufacturing 5 <br />Research & Development 4 <br />Commercial Redevelopment 3 <br />Warehouse /Distribution 2 <br />Housing 1 <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 <br />The project will be 100% Pay- asyougo TIF. <br />The project contributes to the goals of Energy City. <br />• Product promotes sensible use of energy, OR <br />• Project utilizes significant energy efficient design & /or <br />materials in construction. <br />Bonus Points: <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 />3 points <br />2 points <br />City of Elk River Tax Increment Financing Policy & Application P 0 W E D E D D Y <br />Amended February 2014 }� /� URE <br />Page 13 of 15 A V /y {� <br />