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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation. <br /> . A) Written business plan, including a description of the business, <br /> ownership/management, date established, products and services, and <br /> future plans <br /> B) Financial Statements for Past Two Years <br /> Profit& Loss Statement <br /> Balance Sheet <br /> C) Current Financial Statements <br /> Profit &Loss Statement to Date <br /> Balance Sheet to Date <br /> D) Two Year Financial Projections <br /> F) Personal Financial Statements of all Major Shareholders <br /> Profit&Loss <br /> Current Tax Return <br /> G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> H) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in theProject <br /> I) Application fee of$5000 (to be returned upon project <br /> • completion.) <br /> J) Attach the following documentation as Exhibits <br /> Exhibit A—Corporation/Partnership Description <br /> Exhibit B—Description of Project <br /> Exhibit C—List of Shareholders/Partners <br /> Exhibit D—But-For Analysis <br /> Exhibit E—List of Prospective Lessees <br /> Exhibit F—Legal Description <br /> Note:All Major shareholders will be required to sign personal guarantees if up front <br /> financing of the project is required. <br /> The undersigned certifies that all information provided in this application is true and correct <br /> to the best of the undersigned's knowledge. The undersigned authorizes the City of Elk <br /> River to check credit references, verify financial and other information, and share this <br /> information with other political subdivisions as needed. The undersigned also agrees to <br /> provide any additional information as may be requested by the City after the filing of this <br /> application. <br /> Applicant Name Date <br /> By <br /> Its <br /> 11 <br />