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Exhibit VI
<br /> Market Value Analysis Report
<br /> City of Hugo, Minnesota
<br /> Tax Increment Financing (Redevelopment) District No. 1-2
<br /> Downtown Redevelopment Project
<br /> Scenario A: Total EMV
<br /> Assumptions
<br /> Present Value Date 07/15/07
<br /> P.V. Rate - Gross T.I. 6.00%
<br /> Increase in EMV With TIF District $260,390,671
<br /> Less: P.V of Gross Tax Increment 15,785,471
<br /> Subtotal $244,605,200
<br /> Less: Increase in EMV Without TIF 0
<br /> Difference $244,605,200
<br /> Annual Present
<br /> Gross Tax Value @
<br /> Year Increment 6.00%
<br /> 1 2€310 131,229 108,835
<br /> 2 2011 225,371 176,332
<br /> 3 2012 321,867 237,577
<br /> 4 2013 420,775 293,003
<br /> 5 2014 ' `' 719,215 472,471
<br /> 6 2015 1,025,116 635,307
<br /> 7 2016 1;338,665 782,667
<br /> 8 2017 1;660,053 915,632
<br /> 9 2018 1,701,570 885,407
<br /> 10 2019 1,744,124 856,179
<br /> 11 2020 1,787,743 827,916
<br /> 12 2021 1;832,452 800,586
<br /> 13 2022 1,878,279 774,158
<br /> 14 2023 1;925,252 748,603
<br /> 15 2024 1,973,398 723,890
<br /> 16 2025 2.022,749 699,994
<br /> 17 2026 2,073,333 676,886
<br /> 18 2027 2.125,182 654,540
<br /> 19 2028 2,178,327 632,933
<br /> 20 2029 2;232,801 612,038
<br /> 21 2030 2,288,637 591,834
<br /> 22 2031 2,345,868 572,296
<br /> 23 2032 2,404,530 553,403
<br /> 24 2033 2.464,659 535,133
<br /> 25 2034 2,526,291 517,467
<br /> 26 2035 2,589,464 500,384
<br /> $43,936,950 $15,785,471
<br /> SPRINGSTED
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