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7. Project proposes rehabilitation of existing <br />housing, housing stock, and maximizes <br />utilization of existing infrastructure: Points: <br />4 <br />8. Project proposes a location near existing <br />jobs, transportation, recreation, retail services, <br />social services, and schools: Points: <br />2 <br />9. Type of Housing Project: Points: <br />100% Owner Occupied 2 <br />Investment Property 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 38 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 38 -30 points <br />Moderate 29 -22 points <br />Low 21 -13 points <br />Not Eligible 12 -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 15 of 15 A V /y {� <br />