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B. PROJECT INFORMATION <br />The project will be: <br /> Industrial Greenfield: <br />__Commercial Redevelopment: <br /> Industrial Redevelopment: <br /> Other <br /> <br />New Construction <br />New Construction <br />New Construction <br /> <br />__ Expansion <br /> Rehabilitation <br /> Rehabilitation <br /> <br />The project will be: __Owner Occupied Leased Space <br />If leased space, please attach a list names and addresses of future lessees and indicate <br />the status of commitments or lease agreements. Attach as Exhibit E. <br /> <br />Project Address <br />Legal Description <br /> <br />Site Plan Attached: <br /> <br />Yes No <br /> <br />Amount of Tax Increment Requested for: <br /> Land Purchase $ <br /> Public Improvement $ <br /> Site Improvement $ <br /> <br />Current Real Estate Taxes on Project Site: $. <br />Estimated Real Estate Taxes upon Completion: Phase I $ <br /> Phase II $ <br /> <br />Construction Start Date: <br />Construction Completion Date: <br />If Phased Project: <br /> <br />Year % Completed <br />Year % Completed <br /> <br />C. PUBLIC PURPOSE <br />It is the policy of the City of Elk River that the use of Tax Increment <br />Financing should result in a benefit to the public. Please indicate how <br />this project will serve a public purpose. <br /> <br /> Job Creation: Number of existing jobs <br /> Number of jobs created by project <br /> Average hourly wage of jobs created <br />__New industrial development which will result in additional private <br /> investment in the area. <br />__Enhancement or diversification of the city's economic base. <br />__The project contributes to the fulfillment of the City's Strategic <br /> Plan for Economic Development. <br />__Removal of blight or the rehabilitation of a high profile or priority <br /> site. <br /> Other: <br /> <br />9 <br /> <br /> <br />