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7. Market Value/Tax Base Generation: Points: <br />The project will result in a per square foot Industrial Commercial <br />es ~ t d market value (land and building) $80/sf+ <br />_' $110/sf+ 5 <br />~ ~ $70/sf+ <br />of ~ $100/sf+ 4 <br />$60/sf+ $90/sf+ 3 <br />$50/sf+ $80/sf+ 2 <br />$40/sf+ $70/sf+ 1 <br />Y~---- <br />8. Type of Project: Points: <br />~00% Owner Occupied 5 <br />Mix Owner Occupied & Investment 4 <br />Investment Property 3 <br />9. Use: Points: <br />industrial or Business Park Project 5 <br />Commercial Rehabilitation/Redevelopment 4 <br />10. Likelihood that the project will result in Points: <br />unsubsidized, spin-off development. (/High 5 <br />Moderate 3 <br />Low 1 <br />Sub -Total Points: ~~ of a possible 45 points. <br />.--~ <br />11. Bonus Points Bonus Points: ~~ <br />The project will be 100% Pay-a.ryougo Tax Abatement 3 points <br />_~The project contributes to the goals of Energy City. 2 points <br />• Product promotes sensible use of energy, OK <br />Project utilizes significant energy efficient design &/or <br />materials in construction. <br />Total Points _~SG:' <br />Overall project desirability: H,i lg~,a ._-.., ..._ _.... _4 z.-38 points <br />Moderate 37-29 oints " "--- <br />~"..__. . <br />Low 2$-~(~ ~pomts <br />Not Eligible 19-0 points <br />City of Elk River <br />Tax Abatement Policy <br />Amended May 2006 <br />- 14- <br />