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B. PROJECT INFORMATION <br /> The project will be: <br /> X Industrial Greenfield: X New Construction Expansion <br /> • Commercial Redevelopment: New Construction Rehabilitation <br /> Industrial Redevelopment: New Construction Rehabilitation <br /> Other <br /> The project will be: >( Owner Occupied X Leased 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 S <br /> TopIrn hreet /Vt ) and. /83rd r eno-e- N <br /> Legal Description Sou.fhern/y nal f o f' Jot I Block .1 <br /> of &xtntry Cros$in :sines deo_o 7c2 �4cllrl /tion <br /> Site Plan Attached: X Yes No Pr 1 m ma rs <br /> Amount of Tax Increment Requested for: <br /> Land Purchase $ 10',000. 00 <br /> Public Improvement $ <br /> Site Improvement $ <br /> Current Real Estate Taxes on Project Site: $ linkilJUit <br /> Estimated Real Estate Taxes upon Completion: Phase I $0.1,506 based a n ` h50 <br /> • Phase II $/i, ,V5-0 '' <br /> Construction Start Date: Sul y A000 <br /> 0 <br /> Construction Completion Date: SQn( ary .00l <br /> If Phased Project: a00/ Year % Completed <br /> 0004 Year 33 % 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 /> X Job Creation: Number of existing jobs 5 <br /> Number of jobs created by project �,- . <br /> Average hourly wage of jobs created /0 - <br /> X New industrial development which will result in additional private <br /> investment in the area. <br /> K Enhancement or diversification of the city's economic base. <br /> X 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 /> S site. <br /> )( Other: W iLL In 11-10.Ee Eh e e:u'eio pn eit of the OW- <br /> 606(Hess Parr . . <br /> 9 <br />