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B.PROJECT INFORMATION <br /> 1. The project will be: <br /> Industrial: ,` . New Construction X 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 from: X <br /> Sherburne County School District 728 <br /> 3. The project will be: X Owner Occupied X Leased Space <br /> • If leased space,please attach a list names and addresses of future lessees and indicate the <br /> status of commitments or lease agreements.Attach as Exhibit E. <br /> 4. Project Address r ,. c. 'CVS cl. 3 (.10 <br /> • Include Legal Description and PID Number. Attach as Exhibit F <br /> 5. Site Plan Attached: X Yes No <br /> ,r' r I -w <br /> 6. Total Amount of TRF Requested: $2(--'i fover /2 years. '� <br /> City Portion of TRF: Annual$ 75'7 12. Total$ j %(7 }" <br /> County Portion of TRF: ` Annual$ Total$ <br /> ISD 728 Portion of TRF: Annual$ Total$ <br /> 7. Current Real Estate Taxes on Project Site: $ 2c2C)3• 2«23 <br /> • Estimated Real Estate Taxes upon Completion: Phase I $ �> <br /> Phase II $ <br /> 8. Construction Start Date: Apert , 2 <br /> Construction Completion Date: 1, i.017) <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 Financing should result in <br /> a benefit to the public. Please indicate how this project will serve a public purpose. <br /> \/Job Creation/Retention Number of existing jobs \7 1 ` a ^ <br /> Number of jobs created by project Li <br /> Average hourly wage of jobs created/retainedt t S . <br /> New industrial development which will result in additional private <br /> investment in the area. <br /> N./ 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 /> City of Rlk River <br /> Tax Rebate Financing Policy,Amended August 2002 9 <br />