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6. EDSR 06-17-2013
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6. EDSR 06-17-2013
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6/14/2013 12:00:14 PM
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City Government
type
EDSR
date
6/17/2013
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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 for Past Two Years <br /> Profit&Loss Statement <br /> Balance Sheet <br /> C) Current 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 the Project <br /> H) Non-refundable application deposit of$5,000 <br /> I) Construction Plans and Itemized Project Construction Statement <br /> J) Attach the following documentation as Exhibits <br /> 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 and PID Number(s) <br /> Note:All Major shareholders will be required to sign personal guarantees and a minimum <br /> assessment agreement if up front financing of the project is required. <br /> The undersigned certifies that all information provided in this application is true and correct <br /> to the best of the undersigned's knowledge. 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 filing of this <br /> application. <br /> Applicant Name Date <br /> City of Elk River <br /> Tax Abatement Policy <br /> Amended May 2006 - 11- <br />
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