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B. PROJECT INFORMATION <br /> 1 The project will be: <br /> Industrial: __New Construction Expansion Redevelopment / Rehab, <br /> Office/research facility that conforms to Business Park zoning standards <br /> Commercial Redevelopment/Rehabilitation <br /> Other <br /> 2. In addition to the City of Elk Rivet,applicant is requesting Tax Abatement from: <br /> Sherburne County School District 728 <br /> 3, The project will be: Owner Occupied Leased Space <br /> 4: Project Address <br /> Parcel Identification Number(s) <br /> 5. Site Plan and Construction Plans Attached: Yes No <br /> G. Total Amount of lax Abatement Requested: $ over years. <br /> City Portion: Annual $ Total S <br /> County Portion; A no nal $ Total S <br /> 1SD 728 Portion: Annual S Total <br /> 7. Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate'faxes upon Completion: Phase I $ <br /> Phase 11 $ <br /> 8. Construction Start Date: <br /> Construction Completion Date: <br /> If Phased Project: Year . °ft!Completed <br /> Year (y0 Completed <br /> C. PUBLIC PURPOSE <br /> It is the policy of the City of Elk River that the use of'lax Abatement should result <br /> in a benefit to the public. Please indicate how this project will serve a public <br /> pur)ose. <br /> Job Creation/Retention Number of existing jobs <br /> Number of jobs created by project <br /> Average hourly %'age of jobs created/retained <br /> New industrial development which will result in additional private <br /> investment in the area. <br /> Enhancement and/or diversification of the City of Elk River's economic base. <br /> The project contributes to the fulfillment of the City's Economic Development <br /> Strategic Plan. <br /> Removal of blight. <br /> _Rehabilitation of a high profile or priori!) sitc. <br /> Significantly increase the City's tax base. <br /> Page 9 14 <br /> NATURE <br />