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B. PROJECT INFORMATION <br /> Formatted:Normal,Indent:Left: 0.25",First <br /> 1. The project will be: line: 0" <br /> Industrial Greenfield: New Construction Expansion <br /> Commercial Redevelopment: New Construction Rehabilitation <br /> Industrial Redevelopment: New Construction Rehabilitation <br /> Other <br /> 2. The project will be: _Owner Occupied Leased Space <br /> 3. Project Address <br /> Legal Description&Parcel Identification Number(s) <br /> 4. Site Plan and Preliminary Construction Plans Attached: Yes No <br /> 5. Amount of Tax Increment Requested for: <br /> Land Purchase$ <br /> Public Improvement$ <br /> Site Improvement$ <br /> 6. Current Real Estate Taxes on Project Site: $ <br /> Estimated Real Estate Taxes upon Completion: Phase I $ <br /> Phase II$ <br /> 7. Construction Start Date: <br /> Construction Completion Date: <br /> If Phased Project: Year %Completed <br /> Year %Completed <br /> 111. PUBLIC PURPOSE Formatted:Numbered+Level: 1+ <br /> Numbering Style:I,II,III,...+Start at: 1+ <br /> It is the policy of the City of Elk River that the use of Tax Increment Financing should Alignment:Left+Aligned at: 0.25"+Indent <br /> result in a benefit to the public. Please indicate how this project will serve a public at: 0.75" <br /> purpose. <br /> Job Creation/Retention: Number of existing jobs <br /> Number of jobs created by project <br /> Average hourly wage of jobs created/retained <br /> _New industrial development,which will result in additional private <br /> investment in the area. <br /> _Enhancement or diversification of the city's economic base. <br /> _The project contributes to the fulfillment of the City's Economic Development <br /> Strategic Plan. <br /> _Removal of blight or the rehabilitation of a high profile or priority site. <br /> _Significantly increase the City's tax base. <br /> Other: <br /> i Formatted:Numbered+Level: 1+ <br /> IV. SIGNATURE Numbering Style:I,II,III,...+Start at: 1+ <br /> Alignment:Left+Aligned at: 0.25"+Indent <br /> at: 0.75" <br /> City of Elk River Tax Increment Financing Policy&Application R N W E Ei E Q R Y <br /> Amended February 2014 INATUR <br /> Page 16 of 15 <br />