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B. PROJECT INFORMATION <br /> 1. The project will be: <br /> Industrial Greenfield: New Construction Expansion <br /> Commercial Redevelopment: New Construction Rehabilitation <br /> Industrial Redevelopment: New Construction Rehabilitation <br /> Other <br /> 2. The project will be: _Owner Occupied Leased Space <br /> 3. Project Address <br /> Legal Description &Parcel Identification Number(s) <br /> 4. Site Plan and Preliminary Construction Plans Attached: Yes _ No <br /> 5. Amount of Tax Increment Requested for: <br /> Land Purchase $ <br /> Public Improvement$ <br /> Site Improvement$ <br /> 6. Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ <br /> Phase II $ <br /> 7. Construction Start Date: <br /> Construction Completion Date: <br /> If Phased Project: Year % Completed <br /> Year % Completed <br /> C. PUBLIC PURPOSE <br /> It is the policy of the City of Elk River that the use of Tax Increment Financing should <br /> result in a benefit to the public. Please indicate how this project will serve a public <br /> purpose. <br /> Job Creation/Retention: Number of existing jobs <br /> Number of jobs created by project <br /> Average hourly wage of jobs created/retained <br /> New industrial development,which will result in additional private <br /> investment in the area. <br /> Enhancement or diversification of the city's economic base. <br /> The project contributes to the fulfillment of the City's Economic Development <br /> Strategic Plan. <br /> Removal of blight or the rehabilitation of a high profile or priority site. <br /> Significantly increase the City's tax base. <br /> Other: <br /> D. SOURCES & USES <br /> Page 8of15 rill . <br /> AME <br />