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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 i /I/7?i/.fi ~ - t / 7 miL6"eYJ? <br />i" (2;cy-sr - :t 9'o/~ <br /> <br /> <br />8. Type of Project: <br />,;.;- 100% Owner Occupied <br />Mix Owner Occupied & Investment <br />Investment Property <br /> <br />9.~ <br />Industrial or Business Park Project <br />Commercial Rehabilitation/Redevelopment <br /> <br />10. Likelihood that the project will result in <br />unsubsidized, spin-off development. <br /> <br />Sub - Total Points: <br /> <br />3~ <br /> <br />of a possible 45 points. <br /> <br />Points: fI <br />Commercial <br />$110/sf+ 5 <br />$100/sf+ 4 <br />$90/sf+ 3 <br />$80/sf+ 2 <br />$70/sf+ 1 <br /> <br />Points:~ <br />5 <br />4 <br />3 <br /> <br />Points: S <br /> <br />Points: -S- <br />t/'" High - 5 <br />Moderate 3 <br />Low 1 <br /> <br />11. Bonus Points <br /> <br />Bonus Points: "5"" <br /> <br />V The project will be 100% Pqy-as-)lou-go Tax Abatement <br />V 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 />Total Points: 7151 <br />Overall project desirability: <br /> <br />~ <br />Moderate <br />Low <br />Not Eligible <br /> <br />City of Elk River <br />Tax Abatement Policy <br />Amended May 2006 <br /> <br />3 points <br />2 points <br /> <br />45-38 points~ <br />37-29 points <br />28-20 points <br />19-0 points <br /> <br />5 <br />4 <br /> <br />- 14- <br />