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B. PROJECT INFORMATION <br /> 1. 'lhe project will be: p <br /> Industrial: -e 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 aidition to the City of Elk River, applicant is requesting Tax Abatement from: <br /> Sherburne County School District 728 <br /> 3. The project will be:i Owner Occupied Leased Space <br /> 4. Project Address 1 0 7 5 5 170 h GI KI t <br /> Parcel Identification Number(s) 75 . 01,0• 0 V0 <br /> 5. Site Plan and Construction Plans Attached: ^ Yes No <br /> L. !'oral Amount of Tax Abatement Kequeste <br /> Z 101 °�05 over 10+years. <br /> City Portion: Annual $ 101 Total $ (Z I, IOo� 15 .K <br /> County Portion: Annual $ t 1' 0 Total$ e1,'h 00 (10-iv' <br /> ISD 728 Portion: Annual $ Total $ <br /> 7. Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ 'J 5, 3 I I <br /> Phase II $ <br /> 8. Construction Start Date: b 1 AVI1 I. l_O I <br /> Construction Completion Date: 5L )1 1'— 20 I to <br /> If Phased Project: Year "'0 Completed <br /> Year Completed <br /> C. PUBLIC PURPOSE <br /> It is the policy of the City of Elk River that the use of Tax Abatement should result <br /> in a benefit to the public. Please indicate how this project will serve a public�0 ublic <br /> pu ose. <br /> —1 Job Creation/Retention Number of existing jobs I F T L l;I II a7-e <br /> Number of jobs created by project F <br /> Average hourly wage of jobs created/retained Z7. 4 <br /> '\New industrial development which will result in additional private <br /> Ivestment in the area. <br /> nhancement 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 /> Significantly increase the City's tax base. <br /> Page 9of 14 <br /> 1111111 <br /> A <br /> NATURE <br />