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B. PROJECT INFORMATION <br />The project will be: <br />_Vacant Land Development _New Construction _Expansion <br />Commercial Redevelopment: _New Construction _Expansion <br />Industrial Redevelopment: _New Construction Rehabilitation <br />The project will be: _Owner Occupied _Leased Space <br />If leased space, please attach a list names and addresses of future lessees and indicate the <br />status of commitments or lease agreements. Attach as Exhibit E. <br />Project Address _ <br />Legal Description <br />Site Plan Attached: _ Yes _ No <br />Building Square Footage: <br />Amount of Tax Increment Requested: <br />Land <br />Public Improvement <br />Site Improvement <br />Current Real Estate Taxes on Project Site: <br />Estimated Real Estate Taxes upon Completion: <br />Construction Start Date: <br />Construction Completion Date: <br />If Phased Project: Year % Completed <br />Year % Completed <br />C. PUBLIC PURPOSE <br />It is the policy of the City of Mounds View that the use of Tax Increment <br />Financing should result in a benefit to the public. Please indicate how this <br />project will serve a 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 <br />investment in the area. <br />_The project contributes to the fulfillment of the City's economic <br />development and redevelopment goals <br />_Removal of blight. <br />_Rehabilitation of a high profile or priority site. <br />Other: <br />N:\DATA\GROUPS\ECONDEV\TIF\Policy.DOC <br />