9.1 HRSR 05-01-2017 - Laserfiche WebLink

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C) Business Plan. The business plan should include the following: 1. Description of Business 2. Ownership 3. Management 4. Date Established 5. Products /Services 6. Future Plans 7. Market for Business D) Project Proforma' 1. Sources and uses of funds to finance the project, and 2. Operating cash flow assumptions that include: a. Projected revenues, b. Operating expenses, c. Net operating income, and d. Annual debt service and loan payments. E) Financial Statements for previous Two Years and the Current year to date' Profit & Loss Statement Balance Sheet F) Financial Projections for Term of abatement, up to 10 Years' G) Personal Financial Statements of all Major Shareholders, Partners, Guarantors 11) Letter of Commitment from Applicant Pledging to Complete During the Proposed Project Duration I) Letter of Commitment from the Other Sources of Financing, Stating Terms and Conditions of their Participation in Project Completion J) Written statement of contact information (Name, Company, Address, Email, Phone, Fax) for project team, including: Attorney, Accountant, Financing Sources (lenders, partners, etc...), Parent Company, Architect 'Sensitive financial documents, while not -public information, maybe submitted directly to the City's financial consultant by signing the attached confidentiality agreement, for additional confidentiality. The attached Confidentiality Agreement may be signed and included with the application. K') Construction Plans and Itemized Project Construction Statement L) Attach the following documentation as Exhibits Exhibit A — Corporation /Partnership Description Exhibit B — List of Shareholders /Partners Exhibit C — But For Analysis Exhibit D — List of Prospective Lessees (if applicable) Exhibit E — Legal Description M) Site and Construction Plans City of Elk River Tax Increment Financing Policy & Application- Housing P 0 N E A E 0 B T Amended April 8 2015 Page 12 of 14 11*4ATUREJ