7.1 HRSR 04-06-2015 - Laserfiche WebLink

Home Browse Search

Sources B) Written Narrative: Please give a brief summary of your business, its products or service, the project and how this subsidy will impact your project. The narrative should include a statement demonstrating how the project meets the public purpose in IV (above). C) Business Plan. The business plan should include the following: 1. Description of Business 2. Ownership 3. Management 4. Date Established 5. Products /Services 6. Future Plans 7. Market for Business D) Project Proforma' 1. Sources and uses of funds to finance the project, and 2. Operating cash flow assumptions that include: a. Projected revenues, b. Operating expenses, c. Net operating income, and d. Annual debt service and loan payments. E) Financial Statements for previous Two Years and the Current year to date' Profit & Loss Statement Balance Sheet F) Financial Projections for Term of abatement, up to 10 Years' G) Personal Financial Statements of all Major Shareholders, Partners, Guarantors 11) Letter of Commitment from Applicant Pledging to Complete During the Proposed Project Duration I) Letter of Commitment from the Other Sources of Financing, Stating Terms and Conditions of their Participation in Project Completion J) Written statement of contact information (Name, Company, Address, Email, Phone, Fax) for project team, including: Attorney, Accountant, Financing (lenders, partners, etc...), Parent Company, Architect ' Sensitive financial documents, while not -public information, may be submitted directly to the City's financial consultant by signing the attached confidentiality agreement, for additional confidentiality. The attached Confidentiality Agreement may be signed and included with the application. City of Elk River Tax Increment Financing Policy & Application- Housing p D N E D E D D r Amended DATE INATURE Page 12 of 16