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013, 12 98 13:32 $4417425 CITY%ELK RIVER ZUO7 '009 <br /> P,ROPOSED PROJECT <br /> • Describe Project: New construction of a 35,000 to <br /> 40,000 sq. ft . facility to house all of SuperMats , <br /> Inc. ' s operations : manufacturing, sales , administration <br /> and distribution . <br /> Location: Industrial Park <br /> Elk River, MN <br /> Site Plan Attached: Yes _ _ No X <br /> Type of Project: <br /> Commercial Industrial X Residential <br /> New Construction Expansion Rehab <br /> JOB CREATION <br /> Current Number of Employees: 8 <br /> Current Payroll: (Year-End 1997) $549,425 .00 <br /> Number of Jobs Created: 12 <br /> • Number of Jobs Retained: 20 <br /> Revised Payroll: (Year-End 1999) $760,000 - estimated <br /> PROJECT COSTS <br /> Laud Acquisition: 7 S, 00 <br /> Site Development: <br /> Construction: $ I. <br /> Machinery & Equipment: <br /> Architectural and <br /> Engineering Fees <br /> Legal Fees <br /> Interest During Const. <br /> Debt Service Reserve S <br /> Contingencies <br /> TOTAL 3 , 5 6-a-0 <br /> SOU , OF FINANCING <br /> Conventional Loan $ /� <br /> Equity <br /> SBA Loan $__ 1, 3 Z o, a-zrn <br /> Revenue Bond $ <br /> Tax Increment Financing 7.5( <br /> Grant(s) $_ <br /> Other <br /> . $_ <br /> TOTAL $ I , 3 ?X; <br />