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Exhibit V <br />SPRINGSTED Page 19 <br /> <br /> <br /> <br />Market Value Analysis Report <br />City of Lino Lakes, Minnesota <br />Tax Increment Financing (Economic Development) District No. 1-12 <br />Clearwater Creek Business Park Project <br />Draft TIF Plan Exhibits: Based on EMV of $18.2M - Construct 2016-2017 <br />Assumptions <br /> Present Value Date 06/30/16 <br /> P.V. Rate - Gross T.I. 4.00% <br />Increase in EMV With TIF District $20,782,140 <br />Less: P.V of Gross Tax Increment 2,025,557 <br />Subtotal $18,756,583 <br />Less: Increase in EMV Without TIF 0 <br />Difference $18,756,583 <br />Annual Present <br />Gross Tax Value @ <br />Year Increment 4.00% <br />1 2018 139,792 127,971 <br />2 2019 287,797 253,327 <br />3 2020 293,659 248,545 <br />4 2021 299,638 243,851 <br />5 2022 305,738 239,246 <br />6 2023 311,959 234,725 <br />7 2024 318,304 230,287 <br />8 2025 324,777 225,933 <br />9 2026 331,378 221,659 <br />$2,613,066 $2,025,557