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Please give a brief siimmaiy ofyoiir biismess and its products or sendee: <br />Established in the Spring of 1997 in Ramsey, Minnesota, Heritage Millwork Inc (HMI) has been <br />servicing the Upper Midwest Market as a distributor of moldings, millwqrk, intenqr doors; exterior <br />entry doors and stair parts. HMI supplies to more than 450 dealers in MN, Wl, SD and IA <br />Originally stocking only a few interior door designs in two wood species, HMI ow offers over 25 <br />door designs, with unlimited special-order options. In addition to a wide selection of interior <br />doors, HMI also offers over 30 molding profiles in seven species including MDF, with special- <br />order molding profiles and a broad selection of stair parts. HMI provides wholesale products to <br />retail lumber dealers. <br />Please, give a brief suniaiaiy of the project: <br />HMI is proposing to acquire approximately 14 acres in city-owned Nature's Edge Business <br />Park II to construct a 113,000 square foot facility with room to expand another 40,000 sf. <br />(estimated 3-5 years after receiving CO). Currently located in Ramsey, MN, HMI has <br />outgrown it's current facility (leased) and would like to relocate to Elk River It currently has <br />two'offsite warehouses for excess material and product which causes inefficiencies and <br />lost revenue. Proposed groundbreaking is Summer 2024, with estimated project completion <br />Q1 2025. <br />Please describe how tl-us loan vi^iU iinpact your project: <br />It will help offset the cost of equipment and provide a savings on interest for the project. <br />3. FINANCING <br />Pro ect Costs <br />*See attached Sources & Uses <br />Laud <br />Site iinprovements <br />Biuldiiigs (attach plans & costs) <br />Eqmpmeut/Madiinery/Fixtiires <br />(attach list and estimated costs) <br />ReniodeUi-ig <br />Industrial Liveutoiy/Workiiig Capital <br />Other (attach descriptioii) <br />Total Costs <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />Coninients: <br />Page 12 of 17 F II II B T