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<br /> <br />Page 8 of 8 <br />E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br />Applicants will also be required to provide the following documentation. <br /> <br />_____A) Written business plan, including a description of the business, ownership/management, date <br />established, products and services, and future plans <br /> <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 /> <br /> _____D) Two Year Financial Projections <br /> <br /> _____E) Personal Financial Statements of all Major Shareholders <br /> Current Tax Return <br /> <br /> _____F) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Timeline <br /> <br /> _____G) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in <br /> Project <br /> <br />_____H) Application deposit of $10,000, with any unused portion to be refunded. <br /> <br /> _____ I) Construction Plans and Itemized Project Construction Statement <br /> <br /> _____J) Attach the following documentation as Exhibits <br /> Exhibit A – Entity Documents <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 /> <br />Note: All Major shareholders will be required to sign personal guarantees if up front financing of the project is <br />required. <br /> <br />The undersigned certifies that all information provided in this application is true and correct to the best of the undersigned’s knowledge. <br />The undersigned authorizes the City of Elk River to check credit references and verify financial and other information. The undersigned <br />also agrees to provide any additional information as may be requested by the City after the filing of this application. <br /> <br />Applicant Name Date <br />