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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 />2. In addition to the City of Elk River, applicant is requesting TRF funds from: <br />Sherburne County School District 728 <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 />4. Project Address <br />• Include Legal Description and PID Number. Attach as Exhibit F <br />5. Site Plan Attached Yes No <br />6. Total Amount of TRF Requested $ over, <br />City Portion of TRF: Annual $_ <br />County Portion of TRF: Annual $_ <br />ISD 728 Portion of TRF: Annual $ <br />7 <br />years. <br />Total $ <br />Total $ <br />Total $ <br />Current Real Estate Taxes on Project Site: $ <br />Estimated Real Estate Taxes upon Completion: Phase I $ <br />Phase II $ <br />8. Construction Start Date: <br />Construction Completion Date: <br />If Phased Project <br />Year <br />Year <br />Completed <br />Completed <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 <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 />-Rehabilitation of a high profile or priority site. <br />Other: <br />City of Elk Rivex <br />Tax Rebate Financing Policy, Amended August 2002 - ~ - <br />