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B. PROJECT INFORMATION <br /> 1. The project will be: <br /> IllIndustrial: New Construction Expansion Redevelopment/Rehab. <br /> Office/research facility that conforms to business park standards <br /> Commercial Redevelopment/Rehabilitation <br /> Other <br /> 2. In addition to the City of Elk River, applicant is requesting TRF funds <br /> from: Sherburne County School District 728 <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 /> 4. Project Address <br /> • Include Legal Description and PID Number. Attach as Exhibit F <br /> 5. Site Plan Attached: Yes No <br /> 6. Total Amount of TRF Requested: $ over years. <br /> City Portion of TRF: Annual $ Total $ <br /> County Portion of TRF: Annual $ Total $ <br /> ISD 728 Portion of TRF: Annual $ Total $ <br /> • 7. Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ <br /> Phase II $ <br /> 8. Construction Start Date: <br /> Construction Completion Date: <br /> If Phased Project: Year % Completed <br /> Year % Completed <br /> C. 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 /> 9 <br />