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PROPOSED PROJECT <br /> Describe Project: Acquisition of 68 acre commercial site and 40 acre industrial site for <br /> • redevelopment into commercial and industrial property. <br /> Location: Northwest intersection of Highway 10 and Highway 101 in Elk River. MN <br /> Site Plan Attached: Yes No X <br /> Type of Project: <br /> Commercial X Industrial X Residential <br /> New Construction X Expansion Rehab <br /> JOB CREATION <br /> Current Number of Employees: One <br /> Current Payroll: N/A <br /> Number of Jobs Created: 350 to 500 at full development <br /> Number of Jobs Retained: N/A <br /> Revised Payroll: +/- $10.000.000 <br /> • PROJECT COSTS (Please see Financial Request) <br /> Land acquisition $ <br /> Site development $ <br /> Construction $ <br /> Machinery & Equipment $ <br /> Architectural and Engineering fees - developer costs $ <br /> Legal fees $ <br /> Interest During Construction - sales costs $ <br /> Debt Service Reserve $ <br /> Contingencies $ <br /> TOTAL $ <br /> SOURCE OF FINANCING (Please see Financial Request) <br /> Conventional Loan $ <br /> Equity $ <br /> SBA Loan $ <br /> Revenue Bond $ <br /> Tax Increment Financing $ <br /> Grant(s) S <br /> Other $ <br /> • <br /> TOTAL $ <br />