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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 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 />Sherburne County School District 728 <br />3. The project will be: � Owner Occupied _Leased Space <br />4. Project Address 10161- j�� <br />vavC CJ F -d>, <br />Parcel Identification Number(s) 1612,06-02,05 t 76152,b-0,10 <br />5. Site Plan and Construction Plans Attached: X Yes No <br />6. Total Amount of Tax Abatement Requested: $ j 1 11415 (PJ over15-� ars. <br />City Portion: Annual $A Total$ `10L 7Z0 IZOi96) <br />County Portion: Annual $ 54 , I Total $ i I s 45 <br />ISD 728 Portion: Annual $ Total $ <br />7. Current Real Estate Taxes on Project Site: $ —6— _ s� <br />Estimated Real Estate Taxes upon Completion: Phase I $ 2-1 L. 3Q <br />Phase II $ 5 20 i U (o <br />8. Construction Start Date: U q I 2-015 <br />Construction Completion Date: Molt Zo <br />If Phased Project: <br />Year <br />C. PUBLIC PURPOSE <br />Completed <br />% Completed <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 <br />yupose. 7,04 <br />p( Job Creation/Retention Number of existing jobs <br />Number of jobs created by project 72. <br />Average hourly wage of jobs created/retained <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 />3Significantly increase the City's tax base. <br />Page 9of14 P / .. E 11 / 1 4 <br />