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B. PROJECT INFORMATION <br />1. The project will be: <br />Redevelopment District <br />X Housing District <br />X Soils Condition District <br />Renewal and Renovation District <br />Economic Development District <br />2. The pro) ectwill be: Owner Occupied X Leased Space <br />3. Project Address 726 6"' Street Elk River, MN 55330 <br />Legal Description & Parcel Identification Number(s) 75-134-2305 <br />PARCEL D-N. THAT PT OF THE FOLLOWING DESC PARCEL D LYING N OF WLY EXTENSION OF THE CTR LINE OF 6TH ST (FORMERLY PLATTED AS <br />8TH ST) AS DEDICATED IN THE PLAT OF BURRELL'S ADDTION SUBJ TO EASEMENTS OF RECORD. PARCEL D:THAT PT OF SW 1-4 OF NW 1-4 DESC <br />AS COMM AT THE POINT OF INTERSECTION OF THE CTRLINE OF JACKSON AVE (FORMERLY KNOWN AS STATE TRUNK HIGHWAY NO.201 & "OLD <br />HIGHWAY NO.169") WITH THE S LINE OF SAID SW 1-4 OF NW 1-4;THENCE W ALONG SAID S LINE FOR 200.00 FT;THENCE N PARA WITH SAID <br />CTRLINE FOR 285.70 FT TO A POINT TO BE HERE- AFTER KNOW AS POINT "A" FOR THE PURP OF THIS DESC;THENCE E PARA WITH SAID S LINE <br />OF SW 1-4 OF NW 1-4 FOR 150.00 FT TO INTERSECT WITH THE W LINE OF R-O-W OF SAID JACKSON AVE BEING A LINE 50.00 FT,AS MEASEURED <br />AT RT ANGLES, W OF & PARA WITH SAID CTRLINE SAID POINT OF INTERSECTION ALSO BEING THE ACTURAL POB OF THE LAND TO BE HEREBY <br />DESC;THENCE RETURN W PARA WITH SAID S LINE OF SW 1-4 OF NW 1-4 FOR FOR 150 FT TO SAID POINT "A";THENCE N PARA WITH SAID <br />CTRLINE FOR 14.30 FT,MORE OR LESS, TO INTERSECT N LINE OF S 300 FT,AS MEAS AT RT ANGLES,OF SAID SW 1-4 OF NW 1-4;THENCE W ALONG <br />SAID N LINE OF S 300.00 FT FOR 200.01 FT,MORE OR LESS, TO INTERSECT A LINE 400.00 FT W OF,AS MEAS AT RT ANGLES TO SAID CTRLINE <br />OFJACKSON AVE;THENCE N PARA WITH SAID CTR- LINE FOR 1039.77 FT,MORE OR LESS,TO INTERSECT THE N LINE OF SAID SW 1-4 OF NW 1- <br />4;THENCE E ALONG SAID N LINE FOR 350.03 FT,MORE OF LESS, TO INTERSECT SAID W LINE OF THE R-O-W OF JACKSON AVE;THENCE S ALONG <br />SAID W LINE OF THE R-O-W FOR 1056.71 FT,MORE OR LESS, TO POB. <br />4. Site Plan and Preliminary Construction Plans Attached: X Yes No <br />5. Amount of Tax Increment Requested for: <br />Land Purchase $, <br />Public Improvement <br />Site Improvement 15 dears & 90% <br />Current Real Estate Taxes on Project Site: $ 4396 <br />Estimated Real Estate Taxes upon Completion: Phase II $ 88,000 <br />Phase III $ <br />7. Construction Start Date: April 2022 <br />Construction Completion Date: May 2023 <br />If Phased Project: Year % Completed <br />Year % Completed <br />