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EXHIBIT V
<br /> Market Value Analysis Report
<br /> City of Elk River, Minnesota
<br /> • Tax Increment Financing(Redevelopment) District No. 19
<br /> (U.S. Highway 169 and County Highway 12 Project)
<br /> Assumptions
<br /> Present Value Date 08/01/98
<br /> P.V. Rate-Gross T.I. 7.50%
<br /> Increase in EMV With TIF District $36,000,000
<br /> Less: P.V of Gross Tax Increment 12,549,987
<br /> Subtotal $23,450,013
<br /> Less: Increase in EMV Without TIF 0
<br /> Difference $23,450,013
<br /> Annual Present
<br /> Gross Tax Value @
<br /> Year Increment 7.50%
<br /> 1 2000 312,211 266,929
<br /> 2 2001 624,422 496,613
<br /> 4111 3 2002 1,014,686 750,694
<br /> 4 2003 1,404,950 966,905
<br /> 5 2004 1,404,950 899,447
<br /> 6 2005 1,404,950 836,694
<br /> 7 2006 1,404,950 778,320
<br /> 8 2007 1,404,950 724,019
<br /> 9 2008 1,404,950 673,506
<br /> 10 2009 1,404,950 626,517
<br /> 11 2010 1,404,950 582,807
<br /> 12 2011 1,404,950 542,146
<br /> 13 2012 1,404,950 504,322
<br /> 14 2013 1,404,950 469,136
<br /> 15 2014 1,404,950 436,406
<br /> 16 2015 1,404,950 405,959
<br /> 17 2016 1,404,950 377,636
<br /> 18 2017 1,404,950 351,290
<br /> 19 2018 1,404,950 326,781
<br /> 20 2019 1,404,950 303,982
<br /> 21 2020 1,404,950 282,774
<br /> 22 2021 1,404,950 263,046
<br /> 23 2022 1,404,950 244,694
<br /> 24 2023 1,404,950 227,622
<br /> 25 2024 1,404,950 211,742
<br /> • $32,860,219 $12,549,987
<br /> Prepared by: Springsted Incorporated (6/11/98)
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