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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 07115/07
<br /> P.V. Rate- Gross T.I. 5.00%
<br /> Increase in EMV With TIF District $260,390.671
<br /> Less: P.V of Gross Tax Increment 18,466,937
<br /> Subtotal $241,923,734
<br /> Less: Increase in EMV Without TIF 0
<br /> Difference $241,923,734
<br /> Annual, Present
<br /> Gross Tax Value @
<br /> Year Increment 5.00%
<br /> 1 2010 131;229 112,199
<br /> 2 2011 225,371 183,513
<br /> 3 2012 321,867 249,607
<br /> 4 2013 420,775 310,771
<br /> 5 . 2014 719215 505,895
<br /> 6 2015 x;:025116 686,729
<br /> 7 2016 1,338,665 854,073
<br /> 8 2017 1,660,053 1,008,685
<br /> 9 2018 1,7031:570 984,678
<br /> 10 - 2019 .1;744;124 961,241
<br /> 11 : 2020 1.787,743 938,363
<br /> 12 2021 1,832.452 916,029
<br /> 13 2022 1;878:279 894,226
<br /> 14 2023 11925;252 872,942
<br /> 15 2024 1.973.398 852,164
<br /> 16 2025 2,022,749 831,881
<br /> 17 2026 2;073;333 812,080
<br /> 1,8 2027 2;125;182 792,751
<br /> 19, 2028 2.178.327 773,882
<br /> 20 2029 2,232,801 755,461
<br /> 21 2030 2;288,637 737,479
<br /> 22 2031 2,345;868 719,925
<br /> 23 2032 2,404,530 702,788
<br /> 24 2033 2,464,659 686,059
<br /> 25 2034 2:526;291 669,729
<br /> 26 2035 2;589;464 653,787
<br /> $43,936,950 $18,466,937
<br /> SPRINGSTED
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