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B. PROJECT INFORMATION <br /> 1. Thproject will be�` <br /> IIIIndustrial: New Construction Expansion Redevelopment/Rehab. <br /> Class A or B Office which 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 <br /> from: Sherburne County School District 728 <br /> 3. The project will be: _Owner Occupied Leased Space <br /> • If leased space,please attach a list names and addresses of future lessees and <br /> indicate the status of commitments or lease agreements.Attach as Exhibit E. <br /> 4. Project Address (3)— 5 �z o C/ l � CX/'JW 44/ ,W./e. /ark <br /> • Include Legal Description and PID Number. Attach as Exhibit F <br /> 5. Site Plan Attached: i Yes No <br /> 4� <br /> 6. Total Amount of TRF Requested: $ over years. G�� <br /> City Portion of TRF: Annual $ ' Total $ 2 i <br /> County Portion of TRF: Annual $ Total $ 7 0 , #Z�%o� <br /> ISD 728 Portion of TRF: Annual $ otal $ 11/ <br /> 6412- <br /> • 7. Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ <br /> Phase II $ <br /> 8. Construction Start Date: ASA <br /> Construction Completion Date: f'/? Pe " " <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 <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 -I <br /> Number of jobs created by project /1 <br /> Average hourly wage of jobs created /i --/5--- <br /> New industrial development which will result in additional private <br /> /investment in the area. <br /> X Enhancement and/or diversification of the city's economic base. <br /> X 7The project contributes to the fulfillment of the City's Strategic <br /> Plan for Economic Development. <br /> Ill Removal of blight. <br /> Rehabilitation of a high profile or priority site. <br /> Other: <br /> 9 <br />