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<br />11. Describe any local government assistance for the project (e.g., city loan, abatement, TIF, <br />etc,) and comment on dollar amounts and/or general information on any city projects <br />related to this project. <br />The City of Elk River and Sherburne County are jointly participating as gap lenders in this <br />project. We have requested a $100,000 microloan from the city and a $90,000 microloan <br />from Sherburne County to cover the gap in financing needs. By providing financing gap, <br />growth can happen at their new facility. <br />12. Attach line-item construction cost estimates for real property improvements for the project <br />- Exhibit 11 <br /> <br />13. If available, attach a commitment letter from each financing source (ie Financial <br />Institutions), including a letter of commitment for any business equity -- Exhibit 8 <br />PART C – Business Competitors. <br />14. Identify the competitors of the business within local community (city and county), the <br />adjacent counties, and in the state of Minnesota. Include: <br />a. The name of each major competitor and the location of each competitor by city <br />i. Linco Iron Erection, Inc. – St. Michael – Steel Fabrication <br />ii. Superior Iron, LLC – Elk River – Fab Steel, Capacity is smaller than DI <br />iii. Twin City Wire & Fabrication – Focus is on public sector work. <br />iv. Industrial Steel Fabricators – Minneapolis – Niche manufacturing company <br />specializing in custom flex manufacturing. <br />v. Astro Engineering and manufacturing aluminum and special metal <br />manufacturing <br />vi. Briese Iron Works, Inc. – Rochester – Structural Steel Detailing <br />vii. CMF – Willmar - Provides steel packages to contractors for multi-story <br />commercial buildings, retail locations, manufacturing facilities, hospitals, worship <br />center, schools, condominiums, and sports facilities. <br />viii. M&M Structures – Winsted – Provides a full-service structural steel design and <br />fabrication company <br />15. How the products or services are different than the business’ <br />Distinctive Iron provides custom steel fabrication, and installation of their finished product. <br />Distinctive Iron works primarily with raw steel. <br />16. How the competitive markets are different from the business’ <br />Distinctive Iron provides excellent customer service, which equates to a total project <br />relationship. Their company evolved from ornamental steel fabrication to specializing in <br />structural steel fabrication.