4.1. EDSR 06-28-2016 - Laserfiche WebLink

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The Project contributes to the fulfillment of the City's Economic Development Strategic Plan. Removal of blight. Rehabilitation of a high profile or priority site. Significantly increase the City's tax base. IV. SIGNATURE Formatted:Numbered+Level: 1+ Numbering Style:I,II,III,...+Start at: 1+ I certify that is defined as a Small Business.For-Profit and is not a religious Alignment:Right+Aligned at: 0.25"+Tab (Business—Q after: 0.5"+Indent at: 0.5" Political,Casino,Sports Facility.or PornographicEnterprise.I further certify that all information provided in this a.12�lication is true and correct to the best of my knowledge. I authorize the city of Elk River and the Finance Committee to check credit references and verify financial and other information.I further agree,if approved,to the loan security andguarantees required by the Subsidy policy. I agree to Provide any additional information as may be requested by the city. Agreement to Pay Costs of Review It is the policy of the City of Elk River to require applicants to pay costs incurred by the City in reviewing and actingupon applications,so that these costs are not borne by the taxpayers of the City. These costs include all of the City's out-of-pocket costs for expenses,including the City's costs for review of the application by the City's Financial Consultant and City Attorney,or other consultants, recording fees,and necessarypublication costs. The application processing fees cover anticipated costs:costs incurred above the al2jlication fee will be invoiced as they are incurred,and Payment will be due within thirty(30.)days. Application fees are not refundable_though any unused portion is returned at the request of the applicant. If payment is not received as required by this agreement.the City may suspend the application review Process and may deny the ap�lication for failure to com"ly with the requirements for processing the application. Payment for costs will be required whether the application is granted or denied. The undersigned has received the City's policy regarding the payment of costs of review_understands that reimbursement to the City of costs incurred in reviewing the application will be required,agrees to reimburse the City as required in the Policy and make Payment when billed by the City,and agrees that the application may be denied for failure to reimburse the City for costs as provided in the Policy. Note:All Major shareholders will be required to sign personal guarantees and a minimum assessment agreement if up front financing of the project is required. APPLICANT SIGNATURE: TITLE: DATE: Formatted:Level 3,Indent:Left: 0.25", Keep with next,Don't allow hanging punctuation,Don't adjust space between Latin and Asian text,Don't adjust space between Asian text and numbers,Font Alignment: Baseline,Tab stops:Not at 3" City of Elk Rives Tax Increment Financing Policy&Application P N N E Ei E 0 E Amended Febfuafy 2014 INATURIE Page 12 of 15