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