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7.0. EDSR 11-04-2005
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7.0. EDSR 11-04-2005
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City Government
type
EDSR
date
11/4/2005
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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation. <br /> 4 4A) Written business <br /> P lan,includinga description of the business, <br /> ownership/management, date established,products and services,and future <br /> plans <br /> 4) Fina ial Statements for Past Two Years <br /> rofit&Loss Statement , <br /> ✓ Balance Sheet <br /> Z/C) Curr Financial Statements <br /> �/ /Profit&Loss Statement to Date <br /> Balance Sheet to Date <br /> ZDvzTwo Year Financial Projections <br /> ✓N') Pers Financial Statements of all Major Shareholders <br /> /Profit&Loss <br /> V Current Tax Return <br /> V G) Letter of Commitment from Applicant Pledging to Complete <br /> uring the Proposed Project Duration <br /> 141) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> 00 I) Application fee of$5000 <br /> ‘Z"---;) Itemized Project Construction Statement <br /> K) Attach the following documentation as Exhibits <br /> xhibit A-Corporation/Partnership Description <br /> vExhibit B—Description of Project <br /> ✓/Exhibit C—List of Shareholders/Partners <br /> •/ iExhibit D—But-For Analysis <br /> V 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•0 ormation .: , be requested by the City after the filing of this <br /> application. <br /> Applicant Name _ DateC <br /> III <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 11 - <br />
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