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<br />7. Tme of Project: <br />V 100% Owner Occupied <br />J\.1ix Owner Occupied & Investment <br />Investment Property <br /> <br />Points: -S- <br />5 <br />4 <br />3 <br /> <br />8. Use: <br />Industrial or Business Park Project <br />,./' Commercial Rehabilitation/Redevelopment <br /> <br />POints:L <br />5 <br />4 <br /> <br />9. The project will pay annual <br />property taxes in the first fully <br />assessed year of $/&;? /5::5 <br /> <br />Points: 5 <br />35,000+ 5 <br />25,000+ 4 <br />15,000+ 3 <br />10,000+ 2 <br />Under $10,000 1 <br /> <br />10. Likelihood that the project will result in <br />unsubsidized, spin-off development. <br /> <br />:High <br />v-Moderate <br />Low <br /> <br />Points: .3 <br />5 <br />3 <br />1 <br /> <br />Sub - Total Points: <br /> <br />37' <br /> <br />of a possible 45 points. I <br /> <br /> <br />Bonus Points: "'5 <br /> <br />9. Bonus Points <br /> <br />V The project will be 100% Pqy-as-you-go TRF. <br />".- The project contributes to the goals of Energy City. <br />· Product promotes sensible use of energy, OR <br />· Project utilizes significant energy efficient design &/ or <br />materials in construction. <br /> <br />3 points <br />2 points <br /> <br />Total Points: ~9' <br />Overall project analysis: <br /> <br />45-38 poin~ <br />37-29 points <br />28-20 points <br />19-0 points <br /> <br />- <br />C :High <br />Moderate <br />Low <br />N at Eligible <br /> <br />City of Elk River <br />Tax Rebate Financing Policy, Amended August 2002 <br /> <br />- 13- <br />