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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation. <br /> <br />A) <br /> <br />Written business plan, including a description of t_he business, <br />ownership/management, date established, products and services, and future <br />plans <br /> <br />B) Financial Statements for Past T~vo Years <br /> Profit & Loss Statement <br /> Balance Sheet <br /> <br />c) <br /> <br />Current Financial Statements <br /> Profit & Loss Statement to Date <br /> Balance Sheet to Date <br /> <br />__D) T~vo Year Financial Projections <br /> <br />F) <br /> <br />Personal Financial Statements of all Major Shareholders <br /> Profit & Loss <br /> Current Tax Return <br /> <br />__G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> <br />__ H) Letter of CommitrJent from the Other Sources of Financing, <br /> Staring Terms and Conditions of their Participation in the Project <br /> <br />I) Application fee of $5000 (to be returned upon project <br /> completion.) <br /> <br />j) Attach the following documentation as Exhibits __ Exhibit A - Corporation/Partnership Description <br /> __ Exhibit B - Description of Project <br /> Exhibit C -List of Shareholders/Partners <br /> __ Exhibit D - But-For Analysis <br /> Exhibit E - List of Prospective Lessees <br /> __ Exhibit F - Legal Description <br /> <br />Note: All Major shareholders ~vill be required to sign personal guarantees if up front <br />financing of the project is required. <br /> <br />The undersigned certifies that all information provided in this application is true and correct <br />to the best of the undersigned's kno~vledge. The undersigned authorizes the City of Elk <br />River to check credit references, verify financial and other information, and share this <br />information with other political subdivisions as needed. The undersigned also agrees to <br />provide any additional information as may be requested by the City after the fRing of this <br />application. <br /> <br />Applicant Name Date <br />By. <br /> <br />Its <br /> <br />10 <br /> <br /> <br />