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CONSTRUCTION AND DESIGN <br /> Name and address of architect, engineer and contractor for project: <br /> • STRUCTURAL BUILDINGS <br /> WEST HWY 10 BECKER MN 261-4150 1-800-535-9722 <br /> MR AL STEWART <br /> Target Dates: <br /> Start of Construction: APRIL 15, 1996 <br /> Construction Completed: JUNE 30, 1996 <br /> Finished Market Value of Project: $ 3 3 5, 0 0 0. 0 0 <br /> STATEMENT 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 /> MARKETECH INC IS A FAST GROWING SMALL COMPANY WITH <br /> LIMITED RESOURCES WHICH NEEDS TO EXPAND IF THEY CAN <br /> TO CAPTURE EXISTING BUSINESS POTENTIAL AS WELL AS <br /> A NEW BUSINESS PROJECT. MARKETECH NEEDS TO USE THE <br /> AVAILABLE CAPITAL FOR COVERING THE NORMAL BUSINESS <br /> 411 <br /> EXPANSION NEEDS IE. MATERIALS . AND LABOR_BUT HAS <br /> REOUIREMENTS OF THIS RAPID GROWTH_ RANK ANn rMTP WILL <br /> HELP WITH TIFF TO COMPLETE THIS PROJECT. <br /> The undersigned, (a) (the) - <br /> of applicant, hereby represents an warrants to the City-that - .Fshe) 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: MARCH 8, 1996 RICHARD R. DUCCAN HARKETECII, INC. <br /> Applicant <br /> RICHARD R. DUGGAgink <br /> B /` AMO -",„.211,v <br /> MO <br /> Its PRESIDENT AND CEO <br /> The City reserves the right to require additional information and supporting <br /> data from the applicant after the filing of this Application. <br />