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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants xvill also be required to provide the follo~ving documentation. <br /> <br />x A) <br /> <br />Written business plan, including a description of the business, <br />oxvnership/management, date established, products and services, and future <br />plans <br /> <br />x <br /> <br />__ __ B) Financial Statements for Past Two Years <br /> X Profit & Loss Statement <br /> X Balance Sheet <br /> <br />X <br /> <br />C) Current Financial Statements <br /> x Profit & Loss Statement to Date <br /> x Balance Sheet to Date <br /> <br />X D) Txvo Year Financial Projections <br /> <br />X <br /> <br />__ __ F) Personal Financial Statements of all Major Shareholders <br /> Profit & Loss <br /> x Current Tax Return <br /> <br />X <br /> <br />_ __ G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> <br />PENDING H) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> <br />X I) Apphcation fee of $5000 <br /> <br />X j) Itemized Project Construction Statement <br /> <br />__ 1,2) Attach the following documentation as Exhibits <br /> X Exhibit A - Corporation/Partnership Description <br /> X Exhibit B - Description of Project <br /> X Exhibit C - last of Shareholders/Partners <br /> PENDING__ Exhibit D - Bz~t-For Analysis <br /> Exhibit E - List of Prospective Lessees <br /> PENDING Exhibit F - Legal Description <br /> <br />Note: All Major shareholders will be required to sign personal guarantees if up front <br />financing of the project is. required. <br /> <br />The undersigned certifies that all information provided in this application is true and correct <br />to the best of the undersigned's knoxvledge. The undersigned authorizes the City of Elk <br />River to check credit references, verify financial and other information, and share this <br />information with other political subdivisions as needed. The undersigned also agrees to <br />provide any additional information as may be requested bv the City after the filing of this <br />application. <br /> <br />Applicant Name Date <br /> <br />City of Elk River <br /> <br />Tax Rebate Financing Policy, Amended .Sugust 2002 <br /> <br /> <br />