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Page 11 of 15 EDA & City Council Approved April 17, 2017 <br /> <br /> <br /> <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, <br /> ownership/management, date established, products and services, and <br /> future plans <br /> <br /> B) Financial Statements for Past Two Years <br /> ______Profit & Loss Statement <br /> Balance Sheet <br /> <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 & Current Tax Return of all Major <br /> Shareholders <br /> <br /> <br /> F) Letter of Commitment from Applicant Pledging to Complete During the Proposed Project Duration <br /> <br /> G) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> <br />______H) Application deposit of $10,000, with any unused portion to be refunded <br /> if project does not proceed <br /> <br /> I) Construction Plans and Itemized Project Construction Statement <br /> <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 /> <br />I. Note: All owners with ownership interests greater than 20% will be required to sign <br />personal guarantees if up front financing of the project is required. <br />