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B. PROJECT INFORMATION <br /> The project will be: <br /> Industrial Greenfield: New Construction Expansion <br /> iCommercial Redevelopment: New Construction Rehabilitation <br /> Industrial Redevelopment: New Construction Rehabilitation <br /> Other <br /> The project will be: _Owner Occupied Leased Space <br /> If leased space, please attach a list names and addresses of future lessees and indicate <br /> the status of commitments or lease agreements.Attach as Exhibit E. <br /> Project Address <br /> Legal Description <br /> Site Plan Attached: Yes No <br /> Amount of Tax Increment Requested for:q <br /> Land Purchase $ <br /> Public Improvement $ <br /> Site Improvement $ <br /> Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ <br /> Phase II $ <br /> 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 Increment <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 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 or the rehabilitation of a high profile or priority <br /> • site. <br /> Other: <br /> 9 <br />