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B. PROJECT INFORMATION <br /> 1. The project will be: <br /> Industrial: 2 New Construction Expansion Redevelopment/ Rehab. <br /> Office/research facility that conforms to Business Park zoning standards <br /> Commercial Redevelopment/Rehabilitation <br /> Other <br /> 2. In addition to the City of Elk River,applicant is requesting Tax Abatement from: <br /> .1 Sherburne County School District 728 <br /> 3. The project will be: it Owner Occupied Leased Space <br /> 4. 1'rojectAddress 10752 1bSth C1R-e�L <br /> Parcel Identification Number(s) •SZla'0Z05 76'$1-$• 01J0 <br /> 5. Site Plan and Construction Plans Attached: A Yes No <br /> 1171415 (05 over 5- ors. <br /> 6. Total Amount of Tax Abatement Requested: $ y, <br /> City Portion: Annual$ 9i,)3 b Total S_19.L 7 LO 1 20 <br /> County Portion: Annual $ r>4.X23 Total$ i It $45 <br /> ISD 728 Portion: Annual$ 'Total $ <br /> 7. Current Real Estate"Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ Z I L 3S, <br /> 1 Phase II $ 2.0 t ?J1 <br /> 8, Construction Start Date: tS t�f L°1 5 <br /> Construction Completion Date: M°9/ 2.0 j 6 <br /> if Phased Project: Year °o Completed <br /> Year %Completed <br /> C. PUBLIC PURPOSE <br /> It is the policy of the City of Elk River that the use of Fax Abatement should result <br /> in a benefit to the public. Please indicate how this project will serve a public <br /> p trpose. 7.0 4 <br /> Job Creation/Retention Number of existing jobs <br /> Number of jobs created by project <br /> Average hourly wage of jobs created/retained +I°I•b7 <br /> New industrial development which will result in additional private <br /> investment in the area. <br /> Enhancement and/or diversification of the City of Elk River's economic base. <br /> The project contributes to the fulfillment of the City's Economic Development <br /> Strategic Plan. <br /> Removal of blight. <br /> Rehabilitation of a high profile or priority site. <br /> 4 Significantly increase the City's tax base. <br /> Page 9 Of 14 P 9 M t A t i 1 1 <br /> NATURE <br />