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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation: <br /> A) Written business plan,including a description of the business, <br /> ownership/management,date established,products and services,and <br /> future plans <br /> B) Financial Statements for Past Two Years <br /> Profit&Loss Statement <br /> Balance Sheet <br /> C) Current Financial Statements <br /> Profit&Loss Statement to Date <br /> Balance Sheet to Date <br /> D) Two Year Financial Projections <br /> E) Personal Financial Statements of all Major Shareholders <br /> Profit&Loss <br /> Current Tax Return <br /> F) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> G) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> H) Application deposit of$§10 000,with any unused portion to be refunded <br /> if project does not proceed <br /> 1) Construction Plans and Itemized Project Construction Statement <br /> J) Attach the following documentation as Exhibits <br /> Exhibit A—Corporation/Partnership Description <br /> Exhibit B—Description of Project <br /> Exhibit C—List of Shareholders/Partners <br /> Exhibit D—But-For Analysis <br /> Exhibit E—List of Prospective Lessees <br /> Exhibit F—Legal Description and PID Number(s) <br /> L Note:All owners with ownership interests greater than 20%will be required to sign <br /> personal guarantees if up front financing of the project is required. <br /> s ._a <br /> fuse,.,........4 s7gr..e ffien_ :f f.eel. f....,,...eing of�L....-rejeef is regt:red <br /> The undersigned certifies that all information provided in this application is true and correct <br /> to the best of the undersigned's knowledge. The undersigned authorizes the City of Elk <br /> River to check credit references,verify financial and other information,and share this <br /> information with other political subdivisions as needed. The undersigned also agrees to <br /> provide any additional information as may be requested by the City after the filing of this <br /> application. <br /> Page 11 of 16 P1 w 1 0 E 0 B1 <br /> INATU <br />