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7.3 SR 05-15-2023
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7.3 SR 05-15-2023
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7/20/2023 12:14:17 PM
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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 & Current Tag Return of all Major <br />Shareholders <br />F) Letter of Commitment from Applicant Pledging to Complete '01 <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 the Project <br />I-1) Application deposit of $10,000, with any unused portion to be refunded <br />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 />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 />Page 11 of 15 EDA & City Council Approved April 17, <br />PO/E1E0 1f <br />NATM <br />
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