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<br />B. PROJECT INFORMATION <br /> <br />1. The project will be: <br />_Industrial: _New Construction _ Expansion _Redevelopment / Rehab. <br />_Office/research facility that conforms to business park standards <br />_Commercial Redevelopment/Rehabilitation <br />_Other <br /> <br />2. In addition to the City of Elk River, applicant is requesting TRF funds from: <br />Sherburne County School District 728 <br /> <br />3. The project will be: _Owner Occupied _Leased Space <br />. IEleased space, please attach a list names and addresses of future lessees and indicate <br />the status of commitments or lease agreements. Attach as Exhibit E. <br /> <br />4. Project Address <br />. Include Legal Description and Pill Number. Attach as Exhibit F <br /> <br />S. Site Plan Attached: <br /> <br />Yes <br /> <br />No <br /> <br />6. Total Amount ofTRF Requested: $ <br />City Portion of TRF: <br />County Portion ofTRF: <br />ISD 728 Portion of TRF: <br /> <br />over <br />Annual $ <br />Annual $ <br />Annual $ <br /> <br />years. <br />Total $ <br />Total $ <br />Total $ <br /> <br />7. Current Real Estate Taxes on Project Site: $ <br />Estimated Real Estate Taxes upon Completion: Phase I $ <br />Phase II $ <br /> <br />8. Construction Start Date: <br />Construction Completion Date: <br />If Phased Project: <br /> <br />% Completed <br />% Completed <br /> <br />Year <br />Year <br /> <br />C. PUBLIC PURPOSE <br />It is the policy of the City of Elk River that the use of Tax Rebate Financing should <br />result in a benefit to the public. Please indicate how this project will serve a public <br />purpose. <br />_Job Creation/Retention Number of existing jobs <br />Number of jobs created by project <br />Average hourly wage of jobs created/retained <br />_N ew industrial development which will result in additional private <br />investment in the area. <br />_Enhancement and/or diversification of the city's economic base. <br />_The project contributes to the fulfillment of the City's Strategic <br />Plan for Economic Development. <br />_Removal of blight. <br />~ehabilitation of a high profile or priority site. <br />_Other: <br /> <br />City of Elk. River <br />Tax Rebate Financing Policy, Amended August 2002 <br /> <br />- 9 - <br />