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6:12. 95 13:52 '~44174'25 CITY.ELi{ RIVER <br /> <br />CO,~'STR U CTION A_\'D D ES~GN <br /> <br /> [%'~me and address of arc~h_itec% engineer and contractor for project: <br /> <br />Tar~e.t Date~: <br /> Start of Construction: <br /> Cons~uction Complete& <br /> <br />September 1 <br />December 1 <br /> <br />Finished Market Vatue of Project: $. 1.1 Million <br /> <br />_S_TATEN~NT OF PUBLIC PURPOSE <br /> <br />Describe why the proposed development or redevelopment would not <br />reasonably be expec~cl to occ~ solelv t~oug~ p~wa~ ~vestment <br />witch ~e fores~able ~t~e and :h~refore t~e use of Tax Increment <br /> <br />Many communities offer incentives to bring business <br />to their cities. SuperMats currently has its <br /> <br />manufacturinq plant in Elk River and its distributions, <br />sales and administration operations in Brooklyn Center. <br />SuperMats, Inc. while in sound financial condition <br />and with good growth potential, need help to get the ' <br /> <br /> size building it needs to house all operations <br /> together under one roof in Elk River. <br />T~e undersi~aed, (a) (the) President, CEO <br />of applicant, hereby represents a~d warrants to the City th~ Cae) (she) has <br />carefully reviewed Lhi$ application, and that the statements anti ~uformation <br />contained herein and submitted herewith are accurate and complete to the <br />best of the unders£~ed's knowledge and be]/ef. <br /> <br />Dated: June 26, 1998 <br /> <br />SuperMats, Inc. <br /> <br />The City reserves the hght to require additional information and supportLng <br />~ata from the app~cant' a~ar the ~ing of this Application. <br /> <br /> <br />