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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Applicants will also be required to provide the following documentation. <br /> <br />__ A) Written business plan, including a description of the business, <br /> ownership/management, date established, products and services, and future <br /> phns <br /> <br />B) Financial Statements for Past Two Years <br /> Profit & Loss Statement <br /> Balance Sheet <br /> <br />c) <br /> <br />Current Financial Statements <br /> Profit & Loss Statement to Date <br /> Balance Sheet to Date <br /> <br />D) Two Year Financial Projections <br /> <br />Personal Financial Statements of all Major Shareholders <br /> Profit & Loss <br /> Current Tax Return <br /> <br />__ G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> <br />~ H) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in the Project <br /> <br />__ I) Application fee of $5000 <br /> <br />__ J) Itemized Project Construction Statement <br /> <br />__ K) Attach the following documentation as Exhibits __ Exhibit A - Corporation/Partnership Description <br /> <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 <br /> <br />Note: All Major shareholders will be required to sign personal guarantees if up front. <br />financing of the project is required. <br /> <br />The undersigned certifies that all information provided in this application is true and correct <br />to the best of the undersigned's knowledge. The undersigned authorizes the City of Elk <br />River to check credit references, verify financial and other information, and share this <br />information with other political subdivisions as needed. The undersigned also agrees to <br />provide any additional information as may be requested by the City after the filing of this <br />application. <br /> <br />Applicant Name Date <br />By. <br /> <br />Its <br /> <br />Proposed Tax Rebate Financing Policy, Amended August 2002 - 11 - <br /> <br /> <br />