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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 Jr;p 1,'r_ S'tt NU) + 4 !�U e Al ll', ej- <br /> Le al Description - f _ _ re. <br /> Loctrt4hy Chocs;v\c : U1S r ,CS €$ -er -eC`r_7K.cl_ <br /> te4,1,'1-�`� <br /> Site Plan Attached: V Yes No PPS' e j I vn ' r'Ct r`/ <br /> Amount of Tax Increment Requested for: <br /> Land Purchase $ T ei'� Oc (3 <br /> Public Improvement $ <br /> Site Improvement $ <br /> Current Real Estate Taxes on Project Site: $ �'.Z h 1-? noc.v K. <br /> Estimated Real Estate Taxes upon Completion: Phase I $ 33, ? O B as €d c- <br /> � r8 S _et') <br /> Construction Start Date: :t.t. 1 y b o en <br /> Construction Completion Date: Qc_ f h -e r- ©r, <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 /> Job Creation: Number of existing jobs <br /> Number of jobs created by project <br /> Average hourly wage of jobs created <br /> X New industrial development which will result in additional private <br /> investment in the area. <br /> X 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 /> • site. <br /> LOther: W,' 1I i'ytf w de lieLprnPrtt r <br /> f ) e West l3uSr 'n eSS /��r^1�. <br /> 9 <br />