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12-20-2002
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12-20-2002
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8/10/2022 1:35:40 PM
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• 7.Type of Project: Points: <br /> 100% Owner Occupied 5 <br /> Mix Owner Occupied&Investment 4 <br /> Investment Property 3 <br /> 8.Use: Points: <br /> Industrial or Business Park Project 5 <br /> Commercial Rehabilitation/Redevelopment 4 <br /> 9.The project will pay annual Points: <br /> property taxes in the first fully 35,000+ 5 <br /> assessed year of$ 25,000+ 4 <br /> 15,000+ 3 <br /> 10,000+ 2 <br /> Under$10,000 1 <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 /> 9. Bonus Points Bonus Points: <br /> The project will be 100%Pay-asyougo TRF. 3 points <br /> The project contributes to the goals of Energy City. 2 points <br /> • Product promotes sensible use of energy, OR <br /> • Project utilizes significant energy efficient design&/or <br /> materials in construction. <br /> Total Points: <br /> Overall project analysis: High 45-38 points <br /> Moderate 37-29 points <br /> Low 28-20 points <br /> Not Eligible 19-0 points <br /> • <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 13 - <br />
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