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B. PROJECT INFORMATION <br />1. The project will be: <br />Industrial Greenfield: New Construction <br />P0 <br />3 <br />Commercial Redevelopment: New Construction <br />Expansion <br />Rehabilitation <br />Industrial Redevelopment: New Construction Rehabilitation <br />Other <br />The project will be: _Owner Occupied Leased Space <br />Project Address <br />Legal Description & Parcel Identification Number(s) <br />4. Site Plan and Preliminary Construction Plans Attached: Yes No <br />Amount of Tax Increment Requested for: <br />Land Purchase $ <br />Public Improvement $_ <br />Site Improvement $ <br />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: <br />C. PUBLIC PURPOSE <br />Year <br />Year <br />% Completed <br />% Completed <br />It is the policy of the City of Elk River that the use of Tax Increment Financing should <br />result in a benefit to the public. Please indicate how this project will serve a public <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 />City of Elk River Tax Increment Financing Policy & Application p D W E D E D D T <br />Amended February 2014 }� /� URE <br />Page 8 of 15 A V /y {� <br />