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G. ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> Please provide one paper and one electronic copy of following: (Incomplete applications will delay <br /> the review of an application) <br /> A) Application fee of$3,000. <br /> B) Written Narrative: Please give a brief summary of your business,its products or <br /> services,the project and how this subsidy will impact your project.The <br /> narrative should include a statement demonstrating how the project meets the <br /> public purpose in IV of this policy(page 5). <br /> C) Business Plan. The business plan should include the following: <br /> 1. Description of Business <br /> 2. Ownership <br /> 3. Management <br /> 4. Date Established <br /> 5. Products/Services <br /> 6. Future Plans <br /> 7. Market for Business <br /> D) Project Proforma' <br /> 1. Sources and uses of funds to finance the project,and <br /> 2. Operating cash flow assumptions that include: <br /> a. Projected revenues, <br /> b. Operating expenses, <br /> c. Net operating income,and <br /> d. Annual debt service and loan payments. <br /> E)Financial Statements, for previous two years and the current year to date 1 <br /> Profit&Loss Statement <br /> Balance Sheet <br /> F) Financial Projections, for term of incentive,up to 10 years1 <br /> G) Personal Financial Statements,of all major shareholders,partners,and guarantors <br /> H) Letter of Commitment,from applicant pledging to complete <br /> during the proposed project duration <br /> I)Letter of Commitment,from the other sources of financing, <br /> stating terms and conditions of their participation in project completion <br /> • <br /> City of Mounds View Public Financing Policy&Application <br /> Adopted February,2016(Expected) <br /> Page 13 of 21 <br />