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Exhibit V
<br />SPRINGSTED Page 19
<br />Market Value Analysis Report
<br />City of Elk River, Minnesota
<br />Tax Increment Financing (Redevelopment) District
<br />The Truck Shop Redevelopment Project
<br /> Draft TIF Plan Exhibits
<br />Assumptions
<br /> Present Value Date 12/30/17
<br /> P.V. Rate - Gross T.I.4.00%
<br />Increase in EMV With TIF District $2,829,727
<br />Less: P.V of Gross Tax Increment 731,388
<br />Subtotal $2,098,339
<br />Less: Increase in EMV Without TIF 0
<br />Difference $2,098,339
<br />Annual Present
<br />Gross Tax Value @
<br />Year Increment 4.00%
<br />1 2020 26,908 24,154
<br />2 2021 28,609 24,693
<br />3 2022 30,361 25,198
<br />4 2023 32,166 25,669
<br />5 2024 34,025 26,108
<br />6 2025 35,940 26,517
<br />7 2026 37,912 26,896
<br />8 2027 39,944 27,248
<br />9 2028 42,036 27,572
<br />10 2029 44,191 27,871
<br />11 2030 46,411 28,145
<br />12 2031 48,697 28,395
<br />13 2032 51,052 28,624
<br />14 2033 53,478 28,831
<br />15 2034 55,976 29,017
<br />16 2035 58,550 29,184
<br />17 2036 61,200 29,331
<br />18 2037 63,930 29,461
<br />19 2038 66,742 29,574
<br />20 2039 69,639 29,671
<br />21 2040 72,622 29,752
<br />22 2041 75,694 29,818
<br />23 2042 78,859 29,870
<br />24 2043 82,119 29,908
<br />25 2044 85,477 29,934
<br />26 2045 88,935 29,947
<br />$1,411,473 $731,388
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