Laserfiche WebLink
7. Market Value/Tax Base Generation: Points: a <br />The project will result in a per square foot Industrial Commercial <br />estimated market value (land and building) $80/sf+ $110/sf+ 5 <br />of ~ ~f 87/ SOD $70/sf+ $100/sf+ 4 <br /> $60/sf+ $90/sf+ 3 <br /> $50/sf+ $80/sf+ 2 <br /> $40/sf+ $70/sf+ 1 <br />8. Type of Project: Points: <br />_~ 100% Owner Occupied 5 <br />Mix Owner Occupied & Investment 4 <br />Investment Property 3 <br /> <br />9. Use• <br />_~ Industrial or Business Park Project Points: <br />5 <br />Commercial Rehabilitation/Redevelopment 4 <br />10. Likelihood that the project will result in Points: 3 <br />unsubsidized, spin-off development. High 5 <br />Moderate 3 <br />Low 1 <br />Sub -Total Points: .39.5 of a possible 45 points. <br />11. Bonus Points Bonus Points: ~ <br />The project will be 100% Pay-aryaugo Tax Abatement 3 points <br />~~ The project contributes to the goals of Energy City. 2 points <br />~1 e/'~ G~u~PA~ • Product promotes sensible use of energy, OR <br />~~~ -~r • Project utilizes significant energy efficient design &/or <br />fit/ materials in construction. <br />~G(i'Q/~ ~~/ <br />d ~ry <br />dog "~9 <br />I~?oP~/ <br />Total Points `f~• ~ <br />Overall project desirability: High 45-38 points <br />Moderate 37-29 points <br />Low 28-20 points <br />Not Eligible 19-0 points <br />City of Elk River <br />Tax Abatement Policy <br />Amended May 2006 <br />- 14- <br />