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5.2. SR 03-08-2004
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5.2. SR 03-08-2004
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1/21/2008 8:33:27 AM
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3/8/2004
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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will ~dso be required to provide the following documentation. <br /> <br /> A) Writ-ten business plan, including a description of the business, <br /> ownership/management, date established, products and services, and furore <br /> plans <br /> <br />B) Financial Statements for Past Two Years <br /> ../ .Profit & Loss Statement <br /> ./ Balance Sheet <br /> <br />,// C) Current Financial Statements <br /> -/ Profit & Loss Statement to Date <br /> ./ Balance Sheet to Date <br /> <br />x/ D) Two Year Financial Projections <br /> <br />/F) Personal Financial Statements of all Major Shareholders <br /> Profit & Loss <br /> Current Tax Return <br /> <br />--/ G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> <br />~ H) Letter of Commitment from the Other Sources of Financing, Stating Terms and Conditions of their Participation in the <br /> ~I) Application fee of $5000 ;~2;:<.'-.~- <br />~ J) Itemized Project Construction Statement ~'=:..' ~'~ .,',',': · /,' ////K) Attach the following documentation as Exhibits <br /> .,/ . E.,d'fibit A - Corporation/Partnership Description <br /> ,/ , Exhibit B - Description of Project <br /> v' Exhibit C - List of Shareholders/Partners <br /> ./ Exhibit D - But-ForAnalysis <br /> · ,/ Exhibit E - List of Prospective Lessees <br /> ,/ Exhibit F - Legal Description <br /> <br />Note: All Major shareholders will be required to sign personal guarantees if up front financing of <br />the project is required. <br /> <br />The undersigned certifies that all information provided in this application is true and correct to the <br />best of the undersigned's knowledge. The undersigned authorizes the City of Elk River to check <br />credit references, verify, financial and other information, and share this information with other <br />political subdivisions as needed. The undersigned also agrees to provide any additional information <br />as may be requested by the City a~e~ the filing of this application. <br />Applicant Name i,, ~, !'5 Date '2---- L~- Cz, [JC <br /> <br />City, of Elk River <br />Tax Rebate Financing Policy, ~Kmended August 2002 <br /> <br />-11- <br /> <br /> <br />
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