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7.0. EDSR 04-12-2004
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7.0. EDSR 04-12-2004
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City Government
type
EDSR
date
4/12/2004
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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation. <br /> • _X A) Written business plan,including a description of the business, <br /> ownership/management, date established,products and services, and future <br /> plans <br /> _X_ B) Financial Statements for Past Two Years <br /> X Profit&Loss Statement <br /> X Balance Sheet <br /> X C) Current Financial Statements <br /> x Profit&Loss Statement to Date <br /> x Balance Sheet to Date <br /> _X_ D) Two Year Financial Projections <br /> _X_ F) Personal Financial Statements of all Major Shareholders <br /> Profit&Loss <br /> _x_Current Tax Return <br /> _X G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> PENDING H) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> • X I) Application fee of$5000 <br /> X J) Itemized Project Construction Statement <br /> K) Attach the following documentation as Exhibits <br /> X Exhibit A—Corporation/Partnership Description <br /> X Exhibit B—Description of Project <br /> X Exhibit C—List of Shareholders/Partners <br /> PENDING_Exhibit D—But-For Analysis <br /> X Exhibit E—List of Prospective Lessees <br /> PENDING_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 /> City of Elk River <br /> Tax Rebate Financing Policy,Amended August 2002 - 11 - <br />
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