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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br />Applicants will also be required to provide the following documentation. <br />A) Written business plan, including a description of the business, <br />ownership/management, date established, products and services, and <br />future plans <br />B) Financial Statements fox Past Two Years <br />Profit & Loss Statement <br />Balance Sheet <br />C) Cuxxent Financial Statements <br />Profit & Loss Statement to Date <br />Balance Sheet to Date <br />D) Two Year Financial Projections <br />E) Personal Financial Statements of all Major Shareholders <br />Profit & Loss <br />Current Tax Return <br />F) Letter of Commitment from Applicant Pledging to Complete <br />During the Proposed Project Duration <br />G) Letter of Commitment from the Other Sources of Financing, <br />Stating Terms and Conditions of their Participation in <br />Project <br />H) Non-refundable application deposit of $10,000 <br />I) Construction Plans and Itemized Project Construction Statement <br />J) Attach the followi <br />Exhibit A <br />Exhibit B <br />Exhibit C <br />Exhibit D <br />Exhibit E <br />Exhibit F <br />ng documentation as Exhibits <br />- Corporation/Partnership Description <br />-Description of Project <br />- List of Shareholders/Farmers <br />- But-For Analysis <br />- List of Prospective Lessees <br />- Legal Description and PID Numbex(s; <br />Note: All Major shareholders will be required to sign personal guarantees if up front <br />financing of the project is required. <br />The undersigned certifies that all information provided in this application is true and correct to the best of the <br />undersigned's knowledge. The undersigned authorizes the City of Elk River to check credit references and <br />verify fmancial and other information. The undersigned also agrees [o provide any additional information as <br />may be requested by the City after the filing of this application. <br />Applicant N <br />City of Elk River <br />Tax Increment Policy & Application <br />1"Draft Modified Apri12006 <br />Page 14 of 14 <br />