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TIF APPLICATION <br />Please respond to the following: <br />1. Number of years in business: 90 years, as an entity: 4 years in Minnesota <br />2. Your sales growth over the past 5 years: Total Company $334,000,000 to $504.000.000 <br />Minnesota $ 6,900,000 to $ 15,700,000 <br />3. Potential for growth: Projecting a 30% growth in 5 years and can be much greater <br />thereafter <br />4. How many new jobs do you expect to create within two years of moving to Lino Lakes: <br />2 to 4 based on economic conditions What will be the average wage: $30,000 /annum <br />5. Rate of return on equity invested: variable <br />6. If rental space, what are targeted rental rates: N/A <br />7. Quality of facility: Concrete tilt -up 30' high main building with 2 loading docks each <br />on east and west sides of building. Office building masonry and glass on southeast <br />corner - connected to main building. <br />8. How many square feet will your project be: 80,000 sq.ft. distribution facility and <br />value added services <br />2,000 sq. ft. office & employee service area <br />9. What will be the projected square footage of this building as a percentage of the total <br />property: 25% <br />10. What is the projected building cost per square foot: $34 /square foot <br />11. Will the facility require outside storage: A limited amount in rear of building <br />12. Do you intend to stay in this facility for a minimum of five years? We are building <br />50% expansion into the facility. We have not abandoned an existing owned facility <br />in our history. <br />13. Please submit a letter along with this form requesting the need for tax increment <br />financing. <br />