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City of Lino Lakes, Minnesota <br />C. PUBLIC PURPOSE <br />It is the policy of the City of Lino Lakes that the use of Tax Abatement should <br />result in a benefit to the public. Please indicate how this project will serve a <br />public purpose. <br />Job Creation: Number of existing jobs <br />Number of jobs created by project <br />Average hourly wage of jobs created <br />New Industrial development which will result in additional private investment in <br />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 Plan for Economic <br />Development <br />Removal of blight <br />Rehabilitation of a high profile or priority site <br />Other: <br />SOURCES NAME <br />AMOUNT <br />Bank Loan <br />$ <br />Other Private Funds <br />$ <br />Equity <br />$ <br />Fed Grant/Loan <br />$ <br />State Grant/Loan <br />$ <br />EDA Micro Loan <br />$ <br />Tax Abatement <br />$ <br />ID Bonds <br />$ <br />TOTAL <br />$ <br />USES <br />AMOUNT <br />Land Acquisition <br />$ <br />Site Development <br />$ <br />Construction <br />$ <br />Machinery & Equipment <br />$ <br />Architectural & Engineering Fees <br />$ <br />Legal Fees <br />$ <br />Interest During Construction <br />$ <br />Debt Service Reserve <br />$ <br />Contingencies <br />$ <br />TOTAL <br />$ <br />Financial Assistance Application Page 8 <br />