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X Balance Sheet to Date <br /> D)Two Year Financial Projections <br /> E) Personal Financial Statements of all Major Shareholders <br /> X Profit& Loss <br /> X Current Tax Return <br /> F) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> G) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> H) Non-refundable Application deposit of$5,000, with any unused portion to be refunded if <br /> project does not proceed <br /> I)Construction Plans and Itemized Project Construction Statement <br /> J)Attach the following documentation as Exhibits <br /> _Exhibit A—Corporation/Partnership Description <br /> _Exhibit B—Description of Project <br /> _ExhibitC—Ustof Shareholders/Partners <br /> Exhibit D—But-For Analysis <br /> _Exhibit E—List of Prospective Lessees <br /> _Exhibit F—Legal Description and PID Number(s) <br /> Note: All Major shareholders will be required to sign personal guarantees and a minimum assessment <br /> agreement if up front financing of the project is required. <br /> The undersigned certifies that all information provided in this application is true and correct to the best <br /> of the undersigned's knowledge.The undersigned authorizes the City of Elk River to check credit <br /> references,verify financial and other information,and share this information with other political <br /> subdivisions as needed.The undersigned also agrees to provide any additional information as may be <br /> requested by the City after the filing of this application. <br /> Applicant Name: Cornerstone Elk River Date: February l`^' 2016 <br /> Page 12 of 14 <br />