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5.2. SR 02-06-2006
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5.2. SR 02-06-2006
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1/21/2008 8:35:44 AM
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SR
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2/6/2006
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<br />E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br />Applicants will also be required to provide the following documentation. <br /> <br />xx A) Written business plan, including a description of the business, <br />- - ownership/management, date established, products and services, and future <br />plans <br /> <br />xx B) Financial Statements for Past Two Years <br />XX Profit & Loss Statement <br />XX Balance Sheet <br /> <br />_ N/ A_C) Current Financial Statements <br />Profit & Loss Statement to Date <br />Balance Sheet to Date <br /> <br />_XX_ D) Two Year Financial Projections <br /> <br />_ N/ A_F) Personal Financial Statements of all Major Shareholders <br />Profit & Loss <br />Current Tax Return <br /> <br />N/ A G) Letter of Commitment from Applicant Pledging to Complete <br />- - <br />During the Proposed Project Duration <br /> <br />_ N/ A_H) Letter of Commitment from the Other Sources of Financing, <br />Stating Terms and Conditions oftheir Participation in the Project <br /> <br />XX I) Application fee of $5000 <br /> <br />Not yet available_ J) Itemized Project Construction Statement <br /> <br />_ XX ~ K) Attach the following documentation as Exhibits <br />X_ Exhibit A - Corporation/Partnership Description <br />X_ Exhibit B - Description of Project <br />X_ Exhibit C - List of Shareholders/Partners <br />N/A_ Exhibit D - But-For Analysis <br />N/A_Exhibit E - List of Prospective Lessees <br />X_ Exhibit F - Legal Description <br /> <br />Note: All Major shareholders will be required to sign personal guarantees ifup front financing of <br />the proj ect is required. <br /> <br />The undersigned certifies that all information provided in this application is true and correct to the <br />best ofthe undersigned's knowledge. The undersigned authorizes the City of Elk River to check <br />credit references, verify financial and other informationJ and share this information with other <br />political subdivisions as needed. The undersigned also agrees to provide any additional information <br />as may be reque the City after the filing of this application. <br /> <br /> <br />Date Iz ~ .z.;- ~s- <br /> <br />Applicant Na <br /> <br />6 <br />
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