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APPLICATION FOR TAX INCREMENT FINANCING <br /> CITY OF ELK RIVER, MINNESOTA <br /> • APPLICANT <br /> Business Name: MORRELL TRANSFER INC. / MORRELL & MORRELL INC. <br /> Address: _ 809 JACKSON AVE. ELK RIVER, YN. 55330 <br /> Telephone: 441-2011 441-9151 <br /> Officers: Larry V. Morrell <br /> Arlyce Morrell <br /> Terry Morrell <br /> Contact Person: <br /> Title: MGR. <br /> Corporation <br /> Business Form (Corporation, Partnership, Etc.): <br /> Years In Operation: 35 + Years <br /> 11111 Sales/Revenues: $ 6 5million + <br /> Brief Desraiiipoonr Riuoniness, Principal Products, etc: <br /> Has applicant ever filed for bankruptcy? Yes No x <br /> If yes, provide details on separate page(s). <br /> Has applicant ever defaulted on any bond or mortgage <br /> commitment? Yes No <br /> If yes, provide details on separate page(s). <br /> Does applicant have commitments for conventional financing for <br /> the project? Yes x No <br /> Please list three financing references: <br /> (Name/Address/Contact/Phone) <br /> Bank of Elk River 630 Main St. Elk River, MN. 55330 <br /> 1ST National Bank 723 Main ST. Elk River, MN. 55330 <br /> Twin City Mack 2195 W. County Rd C St Paul, MN. 55164 <br /> 1111 Name and Address of applicant's legal counsel and accountant: <br /> CK & Co 6800 FraarA—Ave S- Minneapolis, MN <br />