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X.&ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation. <br /> A) -A� Application dedeposit of$10,000,with any unused <br /> portion to be <br /> = refunded if project does not proceed. Formatted:Indent:Left: 1",First line: 0.5" <br /> Bl Written Narrative: Please give a brief summate of your business.its Formatted:Indent:First line: 0.5" <br /> products or service_the project and how this subsidy will impact your Formatted:Indent:Left: 1",First line: 0.5" <br /> project.The narrative should include a statement demonstrating how the <br /> Formatted:Normal,Indent:Left: 1.5" <br /> project meets the public purpose. <br /> Formatted:Font: 11 pt <br /> Bl Written business plan,including <br /> the followlnV: <br /> 1. Description of Business Formatted:Indent:Left: 1.5" <br /> 2. Ownership <br /> 3. Management <br /> 4. Date Established <br /> 5. Products/Services <br /> 6. Future Plans <br /> 7. Market for Business <br /> Financial Statements for Past Two Years <br /> Profit&Loss Statement <br /> Balance Sheet <br /> D6) Current Financial Statements <br /> Profit&Loss Statement to Date <br /> Balance Sheet to Date <br /> E13) Project Proforma Formatted:Don't allow hanging punctuation, <br /> 1. Sources and uses of funds to finance the project,and Don't adjust space between Latin and Asian <br /> text,Don't adjust space between Asian text <br /> 2. Operating cash flow assumptions that include: and numbers,Font Alignment:Baseline <br /> a. Projected revenues, <br /> b. Operating expenses <br /> c. Net operating income,and <br /> d. Annual debt service and loan pavements. <br /> 3.Financial Projections for Term of abatement up to 10 Years Formatted:Indent:Left: 1",First line: 0.5", <br /> Allow hanging punctuation,Adjust space <br /> between Latin and Asian text,Adjust space <br /> Fes) Personal Financial Statements of all Major Shareholders between Asian text and numbers,Font <br /> Profit&Loss Alignment:Auto <br /> Current Tax Return Formatted:Font: 11 pt <br /> GF� Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> GH) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in <br /> Project <br /> City of Elk River Tax Increment Financing Policy&Application R 0 W E 0 E 0 0I <br /> Amended February 2014 INATUR <br /> Page 19 of 15 <br />