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Exhibit V <br /> <br /> <br /> <br /> <br />Market Value Analysis Report <br />City of Elk River, Minnesota <br />Tax Increment Financing (Economic Development) District No. 26 <br />Shoot Steel, INC <br />Draft TIF Plan Exhibits <br />Assumptions <br /> Present Value Date 02/01/21 <br /> P.V. Rate - Gross T.I. 4.00% <br />Increase in EMV With TIF District $1,330,900 <br />Less: P.V of Gross Tax Increment 214,321 <br />Subtotal $1,116,579 <br />Less: Increase in EMV Without TIF 0 <br />Difference $1,116,579 <br />Annual Present <br />Gross Tax Value @ <br />Year Increment 4.00% <br />1 2022 25,357 23,752 <br />2 2023 26,415 23,792 <br />3 2024 27,502 23,818 <br />4 2025 28,624 23,836 <br />5 2026 29,779 23,844 <br />6 2027 30,968 23,843 <br />7 2028 32,194 23,833 <br />8 2029 33,456 23,815 <br />9 2030 34,755 23,788 <br />$269,050 $214,321