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<br />7. Market Value/Tax Base Generation: <br />The project will result in a per square foot <br />estimated market value (land and building) <br />of <br /> <br /> Points: <br />Industrial Commercial <br />$80/sH $110/sH 5 <br />$70/sH $100/sH 4 <br />$60/ sH $90/ sH 3 <br />$50/ sH $80/sH 2 <br />$40/sH $70/sH 1 <br /> Points: <br /> 5 <br /> 4 <br /> 3 <br /> Points: <br /> 5 <br /> 4 <br /> 3 <br /> 2 <br /> 1 <br /> <br />8. Type of Project: <br />100% Owner Occupied <br />Mix Owner Occupied & Investment <br />Investment Property <br /> <br />9. Use: <br />Manufacturing <br />Research & Development <br />Commercial Redevelopment <br />Warehouse/Distribution <br />Housing <br /> <br />High <br />Moderate <br />Low <br /> <br />Points: <br />5 <br />3 <br />1 <br /> <br />10. Likelihood that the project will result in <br />unsubsidized, spin-off development. <br /> <br />I Sub - Total Points: <br /> <br />of a possible 45 points. <br /> <br />I <br /> <br />11. Bonus Points <br /> <br />Bonus Points: <br /> <br />The project will be 100% Pqy-asjlou-go TIF. <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: <br />Overall project analysis: <br /> <br />High <br />Moderate <br />Low <br />Not Eligible <br /> <br />45-38 points <br />37-29 points <br />28-20 points <br />19-0 points <br /> <br />City of Elk River <br />Tax Increment Policy & Application <br />Amended May 2006 <br /> <br />Page 13 of 14 <br />