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B. PROJECT INFORMATION <br /> 1. The project will be: <br /> Industrial: New Construction Expansion Redevelopment / Rehab. <br /> Office/research facility that conforms to Business Park zoning standards <br /> Commercial Redevelopment/Rehabilitation <br /> Other <br /> 2. In addition to the City of Elk River, applicant is requesting Tax Abatement from: <br /> Sherburne County School District 728 <br /> 3. The project will be:_Owner Occupied Leased Space <br /> 4. Project Address <br /> Parcel Identification Number(s) <br /> 5. Site Plan and Construction Plans Attached: Yes No <br /> 6. Total Amount of Tax Abatement Requested: $ over years. <br /> City Portion: Annual$ Total$ <br /> County Portion: Annual$ Total$ <br /> ISD 728 Portion: Annual$ Total$ <br /> 7. Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ <br /> Phase II $ <br /> 8. 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 Abatement should result <br /> 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 and/or diversification of the City of Elk River's economic base. <br /> _The project contributes to the fulfillment of the City's Economic Development <br /> Strategic Plan. <br /> _Removal of blight. <br /> _Rehabilitation of a high profile or priority site. <br /> _Significantly increase the City's tax base. <br /> Page 9of14 POWERED 0r <br /> INAWRE1 <br />