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RESOLUTION 79.-5 pg. 3 • f) Resume of any person, partnership, or corporation which will own or manage any portion of the facility. g) If any of the project is to be leased to other parties, an identification of those parties and a showing of commitment for that interest. h) If interim financing is required, a showing of a binding commitment for that financing from a reputable lender. i) Statement as to the fiscal financing method to be used, such as bonds, mortgage revenue notes, or unsecured debt. j) Statement as to whether the financing instruments will be sold to individuals, insurance companies, saving institutions, or other. k) If considered appropriate by the City, a financing feasibility report may be required, which will detail those physical service and financial factors which will indicate possible success or failure of the proposed facility. 1) Method of payment of all public cost to be incurred in develop- ment of the property. • m) Name of the underwriter or investment banker who will be selected to place the final financing. A list of at least five other issues which have been completed by the underwriter or banker shall be provided. n) Name of the proposed trustee to be designated. It is the intent of the Elk River City Council not to approve commercial develop- ment issues unless the following criteria are met: 1) The loan is secured by a real estate mortgage and there is a determination that the real estate value shall be equal to at least 90% of the total bond or note issue. 2) The type of financing is a mortgage revenue note which will be sold only to institutional, not individual, investors. 3) The proposed underwriter is known to the City or has satisfied the City as to the history and reliability of the firm. INDUSTRIAL REVENUE BONDS a) Specific proposed use of the facility b) A list of all the facility's owned or operated by the applicant A