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6. HRSR 01-03-2006
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6. HRSR 01-03-2006
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City Government
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HRSR
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1/3/2006
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E. ADDITIONAL DOCUMENTATION AND CHECKLIST <br />Applicants will also be required to provide the following documentation. <br />A) Written business plan, including a description of the business, <br />ownership/management, date established, products and services, and future <br />plans <br />B~ Financial Statements for Past Two Years <br />Profit & Loss Statement <br />Balance Sheet <br />C) Current Financial Statements <br />Profit & Loss Statement to Date <br />Balance Sheet to Date <br />D) Two Year Financial Projections <br />F) Personal Financial Statements of all Major Shareholders <br />Profit & Loss <br />Current Tax Return <br />G) Letter of Commitment from Applicant Pledging to Complete <br />During the Proposed Project Duration <br />H) Letter of Commitment from the Other Sources of Financing, <br />Stating Terms and Conditions of their Participation in the Project <br />I) Application fee of $5000 <br />J) Itemized Project Construction Statement <br />K) Attach the following docun <br />Exhibit A <br />Exhibit B <br />Exhibit C <br />Exhibit D <br />Exhibit E <br />Exhibit F <br />-entation as Exhibits <br />- Corporation/Partnership Description <br />-Description of Project <br />-List of Shareholders/Partners <br />-But-For Analysis <br />- List of Prospective Lessees <br />-Legal Description <br />Note: All Major shareholders will be required to sign personal guarantees if up front <br />financing of the project is required. <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 />Applicant Name Date <br />City of Elk River <br />Tax Rebate Financing Policy, Amended August 2002 - 11 - <br />
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