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7.1. SR 10-17-2016
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7.1. SR 10-17-2016
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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br />Applicants will also be required to provide the following documentation: <br />x 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 />__J_G) Letter of Commitment from the Other Sources of Financing, <br />Stating Terms and Conditions of their Participation in the Project <br />_J— H) Non-refundable application deposit of $5,000 <br />I) Construction Plans and Itemized Project Construction Statement <br />�) Attach the following documentation as Exhibits <br />f-- Exhibit A — Corporation/Partnership Description <br />Y Exhibit B — Description of Project <br />Exhibit C — List of Shareholders/Partners <br />Exhibit D — Bat -For Analysis <br />t Exhibit E — List of Prospective Lessees <br />`L Exhibit F — Legal Description and PID Number(s) <br />Note: All Major shareholders will be required to sign personal guarantees and a minimum <br />assessment agreement if up front financing of the project is required. <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. n <br />Applicant Name <br />City of Elk River <br />Tax Abatement Policy <br />,Amended May 2006 <br />�IL41I(P <br />11- <br />
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