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B. PROJECT INFORMATION <br /> T,hj� project will be: <br /> V Industrial Greenfield: /New Construction ExpI..oi,... <br /> . Commercial Redevelopment: New Construction Reha <br /> Industrial Redevelopment: New Construction Reha� 1 <br /> Other /Leased <br /> The project will be: Owner Occupied Space <br /> If leased space, please attach a list names and addresses of future lessees and indicate <br /> the status of commitments or lease agreements. Attach as Exhibit E. <br /> Project Address <br /> Legal Description G O7 / ', 2 1. , L X: i C'''t1/47- .f U 5iiii <br /> 121.44lji'Y-J,7 CP-i,1 , 7 .� A-6/7,noil <br /> Site Plan Attached: i7Yes No <br /> Amount of Tax Increment Requested for: <br /> Land Purchase $ 1 OU f C)CV 0 <br /> Public Improvement $ <br /> Site Improvement $ of as DF.4" - M rim.,-O <br /> Current Real Estate Taxes on Project Site: $ -?i 3 67 (I1'7) <br /> Estimated Real Estate Taxes upon Completion: Phase I $ (�, 0i, 00 0 <br /> • Phase II $ <br /> Construction Start Date: . I, 00 <br /> Construction Completion Date: 4-t 15, 0 t <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 Increment <br /> Financing should result in a benefit to the public. Please indicate how <br /> this project will serve a public purpose. <br /> /:.Tob Creation: Number of existing jobs 0 <br /> Number of jobs created by project 2 O 6o <br /> Average hourly wage of jobs created 4 [3.L0 1 (Fz L ( <br /> v New industrial development which will result in additional private <br /> Ivestment in the area. <br /> ( ancement 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 or the rehabilitation of a high profile or priority <br /> • site. <br /> Other: <br /> 9 <br />