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06, 12%98 13:52 $4417425 CITY ELK RIVER Qi008%009 <br /> CONSTRUCTION AND DESIGN <br /> • Name and address of architect, engineer and contractor for project: <br /> Target Dates: <br /> Start of Construction: September 1 <br /> Construction Completed: December 1 <br /> Finished Market Value of Project: $ 1 . 1 Million <br /> S'T'ATEMENT OF PUBLIC PURPOSE <br /> Describe why the proposed development or redevelopment would not <br /> reasonably be expected to occur solely through private investment <br /> within the foreseeable future and therefore the use of Tax Increment <br /> Financing is deemed necessary: <br /> Many communities offer incentives to bring business <br /> to their cities . SuperMats currently has its <br /> manufacturing plant in Elk River ander distribution, <br /> sales and administration operations in Brooklyn Center. <br /> SuperMats , Inc. while in sound financial condition <br /> • and with good growth potential , need help to get the <br /> size building it needs to house all o.erations <br /> together under one roof . in Elk River. <br /> The undersigned, (a) (the) President , CEO <br /> of applicant, hereby represents and warrants to the City that (he) (she) has <br /> carefully reviewed this application, and that the statements and information <br /> contained herein and submitted herewith are accurate and complete to the <br /> best of the undersigned's knowledge and belief. <br /> Dated: June 26, 1998 SuperMats , Inc. <br /> A. ant <br /> By Bryan L. Jones <br /> is President, CEO <br /> The City reserves the right to require additional information and supporting <br /> data from the applicant'after the Ming of this Application. <br /> • <br />