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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 <br /> Project <br /> H) Non refundable Application deposit of$10,000,with any unused <br /> portion to be refunded if project does not proceed. <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 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 financial and other information. The undersigned also agrees to provide any additional information as <br /> may be requested by the City after the filing of this application. <br /> Applicant Name Date <br /> Page 10of15 r' 0 ■ E8 11 <br /> • r <br /> INALEI <br />