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9.1 HRSR 10-02-2017
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9.1 HRSR 10-02-2017
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5/7/2021 10:22:03 AM
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City Government
type
HRSR
date
10/2/2017
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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 <br /> Project <br /> H) Application deposit of$10,000,with any unused portion to be <br /> refunded if project does not proceed. <br /> I) 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 /> Note: All Major shareholders will be required to sign personal guarantees if up front <br /> financing of the project is required. <br /> The undersigned certifies that all information provided in this application is true and correct to the best of the <br /> undersigned's knowledge. The undersigned authorizes the City of Elk River to check credit references and <br /> verify financial and other information. The undersigned also agrees to provide any additional information as <br /> may be requested by the City after the filing of this application. <br /> Applicant Name Date <br /> City of Elk River Tax Increment Financing Policy&Application [ OREN I ! 1 Y <br /> Amended February 2014 <br /> Page 10 of 15 NATURE <br />
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