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B. PROJECT INFORMATION <br />1. The project w/Il be: <br /> Industrial: 7<. New Construction .~" Expansion Redevelopment / Rehab. <br /> __Office/research facility that conforms to business park standards <br /> Commercial Redevelopment/Rehabilitation <br /> Other <br /> <br />2. In addition to the City of Elk River, applicant is requesting TRF funds from: <br /> Sherbume County __ School District 728 <br /> <br />3. The project will be: ':/.Owner Occupied .>~ Leased Space <br /> · If leased space, please attach a list names and addresses of future lessees and indicate the <br /> status of commitments or lease agreements. Attach as Exhibit E. <br /> <br />· Include Legal Description and PID Number. Attach as Exhibit <br /> <br />o <br /> <br />site Plan Attached: ~< Yes <br /> <br />No <br /> <br />Total Amount of TRF Requested: $ 5~c' t., 51' ,~TTover <br /> City Portion of TRF: Annual <br /> County Portion of TRF: Annual <br /> ISD 728 Portion of TRF: Annual <br /> <br />Total $. <br />Total $. / <br />Total <br /> <br />Current Real Estate Taxes on Project Site: $ ~-~O~, 5'~ <br />Estimated Real Estate Taxes upon Completion: Phase I $ ~'~ ~. } tf...' 5, <br /> Phase II $ <br /> <br />8. Construction Start Date: .,Zlfz, te.~ / <br />Construction Completion Date: ~5. 5- ¥ <br />If Phased Project: Year <br /> <br />Year <br /> <br />% Completed <br />% Completed <br /> <br />C. PUBLIC PURPOSE <br /> It is the policy of the City of Elk River that the use of Tax Rebate Financing should result in <br /> a benefit to the public. Please indicate how this project will serve a public purpose. <br /> .-,/'Job Creation/Retention Number of existing jobs \'7 '} ~ ,~' )' '. ~ t ,'; 2. <br /> Number of jobs created by project ~: ~' ~ <br /> Average hourly wage of jobs created/retained~ t 5. '- 7-7: <br /> -,//.New industrial development which will result in additional private <br /> investment in the area. <br /> -./Enhancement and/or diversification of the city's economic base. <br /> ,7 The project contributes to the fulfillment of the City's Strategic <br /> Plan for Economic Development. <br /> Removal of blight. <br /> Rehabilitation of a high profile or priority site. <br /> <br />Other: <br /> <br />City of Elk River <br />Tax Reb:tte Financing Poi_icy, Amended August 2002 <br /> <br />-9- <br /> <br /> <br />