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B. PROJECT INFORMATION <br />1. The project will be: <br /> Industrial: New Construction __ Expansion Redevelopment / Rehab. <br /> __Office/research facility that conforms to business park standards <br /> Commercial Redevelopment/Rehabilitation <br /> Other <br /> <br />2. In addition to the City of Elk River, applicant is requesting TRF funds <br /> from: __ Sherburne County __ School District 728 <br /> <br />3. The project will be: Owner Occupied Leased Space <br /> · If leased space, please attach a list names and addresses of future lessees and <br /> indicate the status of commitments or lease agreements. Attach as Exhibit E. <br /> <br />4. Project Address ' <br /> · Include Legal Description and PID Number. Attach as Exhibit F <br /> <br />5. Site Plan Attached: __ Yes No <br /> <br />6. Total Amount of TRF Requested: $. over <br /> City Portion of TRF: Annual $ <br /> County Portion of TRF: Annual $ <br /> ISD 728 Portion of TRF: Annual $ <br /> <br /> years. <br />Total $. <br />Total $ <br />Total $. <br /> <br />o <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 />PUBLIC PURPOSE <br />It is the policy of the City of Elk River that the use of Tax Rebate <br />Financing should result in a benefit to the public. Please indicate how <br />this project will serve a public purpose. <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 and/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. <br />__Rehabilitation of a high profile or priority site. <br /> Other: <br /> <br />9 <br /> <br /> <br />