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12/07/2017 EDAC Packet
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12/07/2017 EDAC Packet
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EDAC
EDAC Document Type
EDAC Packet
Meeting Date
12/07/2017
EDAC Meeting Type
Regular
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City of Lino Lakes, Minnesota <br />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 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) Letter of Commitment from Applicant Pledging to Complete During the Proposed <br />Project Duration <br />G) Letter of Commitment from the Other Sources of Financing, Stating Terms and <br />Conditions of their Participation in the Project <br />H) Application fee of $5000 (to be returned upon project completion.) <br />J) Attach the following documentation as Exhibits <br />Exhibit A — Corporation/Partnership Description <br />Exhibit B — Description of Project <br />Exhibit C — List of Shareholders/Partners <br />Exhibit D <br />— But -For Analysis <br />Exhibit E — <br />List of Prospective Lessees <br />Exhibit F — <br />Legal Description <br />Note: All Major shareholders will be required to sign personal guarantees if up -front financing of the <br />project is required. <br />The undersigned certifies that all information provided in this application is true and correct to the best of <br />the undersigned's knowledge. The undersigned authorizes the City of Lino Lakes to check credit <br />references, verify financial and other information, and share this information with other political <br />subdivisions as needed. The undersigned also agrees to provide any additional information as may be <br />requested by the City after the filing of this application. <br />Applicant Name <br />By <br />Its <br />Date <br />Financial Assistance Application Page 9 <br />
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