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<br />City of Mounds View Public Financing Policy & Application <br />Amended February, 2016 (Expected) <br />Page 13 of 21 <br /> <br />ADDITIONAL DOCUMENTATION AND CHECKLIST <br /> <br />Please provide one paper and one electronic copy of following: (Incomplete applications will delay <br />the review of an application) <br /> <br />_______A) Application fee of $3,000. <br /> <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 (above). <br /> <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 /> <br /> _______ D) Project Proforma1 <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 /> <br /> _______ E) Financial Statements for previous Two Years and the Current year to date 1 <br /> ______ Profit & Loss Statement <br /> ______ Balance Sheet <br /> <br /> _______ F) Financial Projections for Term of incentive, up to 10 Years1 <br /> <br /> _______ G) Personal Financial Statements of all Major Shareholders, Partners, Guarantors <br /> <br /> _______ H) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> <br /> _______ I) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in Project Completion <br />