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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants Nvill also be required to provide the following documentation: <br /> A) Written business plan, including a description of the business, <br /> ownership/management,date established,products and services,and <br /> future plans <br /> Financial Statements for Past Two Years <br /> Profit & Loss Statement <br /> Balance Sheet <br /> C) Current Financial Statements <br /> Profit &Loss Statement to Date <br /> Balance Sheet to Date <br /> D) Two Year Financial Projections <br /> E) Personal Financial Statements of all Major Shareholders <br /> Profit&Loss <br /> Current Tax Return <br /> 1r) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> (;) Letter of-Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> II) N-eni—refertitifrbk Application deposit of 5.5,000,with any unused portion <br /> to be refunded if project does not proceed <br /> 1) Construction Plans and Itemized Project Construction Statement <br /> .1) Attach the following documentation as Exhibits <br /> Exhibit A —Corporation/Partnership Description <br /> Exhibit 13 — Description of Project <br /> Exhibit C — list of Shareholders/Partners <br /> Exhibit — 80-1;or Analysis <br /> Exhibit Ii — List of Prospective 1.essees <br /> Exhibit F— Legal Description and PlD Number(s) <br /> Note: All Major shareholders will be required to sign personal guarantees and a minimum <br /> assessment 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 <br /> to the best of the undersigned's knowledge. The undersigned authorizes the City of Elk <br /> River to check credit references,verify financial and other information,and share this <br /> information with other poiltical.-Adivisions as needed. The undersigned also agrees to <br /> provide any additional inf rrrrnon as ir• nested by the City after the filing of this <br /> application. <br /> Date <br /> Applicant Name %. <br /> Page ito1I4 II <br /> NATURE <br />