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• <br /> PROPOSED PROJECT <br /> Describe Project: Transportation facility <br /> • Office, Maintance, Distribution center <br /> Location: 171st Ave. Elk River, MN. <br /> Site Plan Attached: Yes x No <br /> Type of Project: <br /> Commercial x Industrial Residential <br /> New Construction x Expansion Rehab <br /> JOB CREATION <br /> Current Number of Employees: 108 <br /> Current Payroll: 130,272.23 bi weekly <br /> Number of Jobs Created: 15% <br /> Number of Jobs Retained: all <br /> Revised Payroll: 18% increase <br /> PROJECT COSTS <br /> /610, 671-0 <br /> Land Acquisition: $ <br /> Site Development: $ 35O GOO - bU . <br /> Construction: $ /_ SO. OC2. 00 <br /> Machinery & Equipment: $ / S o,'COO • <br /> Architectural and <br /> Engineering Fees $ --� <br /> Legal Fees $ <br /> Interest During Const. $ <br /> Debt Service Reserve $ <br /> Contingencies $ <br /> TOTAL $ <br /> SOURCE OF FINANCING 3 SO/ OC) (:) - 6 b <br /> Conventional Loan $ / 950 air° <br /> Equity $ j ®o, o00 <br /> SBA Loan $ <br /> Revenue Bond $ <br /> Tax Increment Financing $ 3 0 0, azo <br /> Grant(s) $ <br /> Other $ <br /> TOTAL $ 2� 35v, v av , as <br />