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Exhibit V <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 <br />P.V. Rate - Gross T.I. <br />02/01 /21 <br />4.00% <br />Increase in EMV With TIF District <br />Less: P.V of Gross Tax Increment <br />Subtotal <br />Less: Increase in EMV Without TIF <br />Difference <br />$1,330,900 <br />214,321 <br />$1,116, 579 <br />0 <br />$1,116,579 <br />Annual <br />Present <br />Gross Tax <br />Value @ <br />Year <br />Increm ent <br />4.00% <br />1 2022 <br />25,357 <br />23,752 <br />2 2023 <br />26,415 <br />23,792 <br />3 2024 <br />27,502 <br />23,818 <br />4 2025 <br />28,624 <br />23,836 <br />5 2026 <br />29,779 <br />23,844 <br />6 2027 <br />30,968 <br />23,843 <br />7 2028 <br />32,194 <br />23,833 <br />8 2029 <br />33,456 <br />23,815 <br />9 2030 <br />34,755 <br />23,788 <br />$269,050 <br />$214,321 <br />