Automating Elevation Labels

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I have point cloud information that I exported from RealWorks into AutoCAD in the form of a dwg. I also have loaded a 5'x5' grid in the background as an xref. My goal is to tag a point every 5 feet with an elevation label. Ideally, I'd like to use the grid as a frame of reference so that I could use a script to have AutoCAD automatically insert an elevation label for the point that is nearest to the intersections on the grid. Does anybody have or know of a script that can do this? At the least I'd like to tag the points manually but consecutively. (I don't want to have to select the elevation label tool every time I tag a point.)
Also I'd like to have the elevation symbol removed from the label but I know that I'd probably have to modify the block after all of the points are populated since the label is a built in tool.
Software: RealWorks 11.1, AutoCAD Architecture 2019
Attached is a drawing with the final product I'm trying to achieve, and a zipped folder containing a drawing with points and the grid overlay.