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Exhibit V <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 2016-201 i <br />Assumptions <br />Present Value Date <br />P.V. Rate - Gross T.I. <br />06/30/16 <br />4.00% <br />Increase in EMV With TIF District <br />$20,782,140 <br />Less: P.V of Gross Tax <br />Increment <br />2,025,557 <br />Subtotal <br />$18,756,583 <br />Less: Increase in EMV Without TIF <br />0 <br />Difference <br />$18,756,583 <br />Annual <br />Present <br />Gross Tax <br />Value @ <br />Year <br />Increment <br />4.00% <br />1 <br />2018 <br />139,792 <br />127,971 <br />2 <br />2019 <br />287,797 <br />253,327 <br />3 <br />2020 <br />293,659 <br />248,545 <br />4 <br />2021 <br />299,638 <br />243,851 <br />5 <br />2022 <br />305,738 <br />239,246 <br />6 <br />2023 <br />311,959 <br />234,725 <br />7 <br />2024 <br />318,304 <br />230,287 <br />8 <br />2025 <br />324,777 <br />225,933 <br />9 <br />2026 <br />331,378 <br />221,659 <br />$2,613,066 <br />$2,025,557 <br />SPRINGSTED Page 19 <br />