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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation. <br /> • VA) Written business plan,including a description of the business, <br /> ownership/management, date established,products and services, and future <br /> plans <br /> B) Financial Statements for Past Two Years <br /> ,/ Profit & Loss Statement <br /> ./ Balance Sheet <br /> C) Current Financial Statements <br /> J 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 the Project 2-1' <br /> • I) Application fee of$5000 > ,C 'e, ' <br /> J) Itemized Project Construction Statement 1z7r '77,7 <br /> K) 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 /> N 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 financing of <br /> the project is required. <br /> The undersigned certifies that all information provided in this application is true and correct to the <br /> best of the undersigned's knowledge. The undersigned authorizes the City of Elk River to check <br /> credit references,verify financial and other information, and share this information with other <br /> political subdivisions as needed. The undersigned also agrees to provide any additional information <br /> as may be requested by the City a e the filing of this application. <br /> Applicant Name 1.0.> Date <br /> • <br /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 11 - <br />