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B. PROJECT INFORMATION <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 /> Sherbume County __ School District 728 <br /> <br />3. The project will be: __Owner Occupied Leased Space <br /> · If leased 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 Ad&ess <br /> <br />· Include Legal Description and PID Number. Attach as Exhibit F <br /> <br />5. Site Plan Attached: <br /> <br />Yes No <br /> <br />6. Total Amount of TRF Requested: $ <br /> City Portion of TRF: <br /> County Portion of TRF: <br /> ISD 728 Portion of TRF: <br /> <br />over years. <br />Annual $. Total $.__ <br />Annual $. Total $.__ <br />Annual $. Total $.__ <br /> <br />Current Real Estate Taxes on Project Site: $. <br />Estimated Real Estate Taxes upon Compledon: Phase I $. <br /> Phase II $ <br /> <br />o <br /> <br />Construction Start Date: <br />Construction Completion Date: <br />If Phased Project: <br /> <br />Year % Completed <br />Year % Completed <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 /> __New industrial development which will result in additional private investment in the area. <br /> Enhancement and/or diversification of the city's economic base. <br /> The project contributes to the fu]fillrnent of the City's Strategic <br /> Plan for Economic Development. <br /> Removal of blight. ~' <br /> __Rehabilitation of a high profile or priority site. <br /> Other: <br /> <br />Proposed Tax Rebate Financing Policy, Amended August 2002 - 9 - <br /> <br /> <br />