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02-08-2016
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8/6/2018 6:08:44 AM
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MV EDA
EDA Document Type
Council Packets
Date
2/8/2016
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<br /> <br />City of Mounds View Public Financing Policy & Application <br />Adopted February, 2016 (Expected) <br />Page 19 of 21 <br /> <br /> <br /> <br /> <br />Total Points: <br />Overall project analysis: High <br />Moderate <br />Low <br />Not Eligible <br />45-38 points <br />37-29 points <br />28-20 points <br />19-0 points <br /> <br />7. Market Value/Tax Base Generation: <br />The project will result in a per square foot <br />estimated market value (land and building) <br />of <br /> <br />Industrial <br />$80/sf+ <br />$70/sf+ <br />Points: <br />Commercial <br />$110/sf+ 5 <br />$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: <br /> 100% Owner Occupied <br /> Points: <br />5 <br /> Mix Owner Occupied & Investment 4 <br /> Investment Property 3 <br />9. Use: <br /> Manufacturing <br /> Points: <br />5 <br /> Research & Development 4 <br /> Commercial Redevelopment 3 <br /> Warehouse/Distribution 2 <br /> Housing 1 <br /> <br /> <br />10. Likelihood that the project will result in Points: <br />unsubsidized, spin-off development. <br /> High 5 <br /> Moderate 3 <br /> Low 1 <br /> <br /> <br />11. Bonus Points Bonus Points: <br /> <br /> The project will be 100% Pay-as-you-go TIF. 3 points <br /> The project contributes to the goals of the Met-Council. 2 points <br /> Product promotes Industry Clusters, Sensible Land Use, <br />Transportation, OR Workforce Housing <br /> Project utilizes significant <br />energy efficient design &/or <br />materials in construction. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Sub - Total Points: of a possible 45 points.
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