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02-08-2016
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02-08-2016
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8/6/2018 6:08:44 AM
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MV EDA
EDA Document Type
Council Packets
Date
2/8/2016
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8 <br />B. PROJECT INFORMATION <br />The project will be: <br /> Vacant Land Development <br /> <br /> <br /> New Construction Expansion <br /> Commercial Redevelopment: New Construction Expansion <br /> Industrial Redevelopment: <br /> Housing: <br /> New Construction Rehabilitation <br /> New Construction Rehabilitation <br /> Other <br /> <br />The project will be: _Owner Occupied Leased Space <br /> <br />If leased space, please attach a list names and addresses of future lessees and indicate the status of <br />commitments or lease agreements. Attach as Exhibit E. <br /> <br />Project Address <br />Legal Description <br /> <br /> <br /> <br /> <br />Site Plan Attached: Yes No <br />Building Square Footage: <br />Number of Units if Applicable: <br /> <br />Amount of Tax Increment Requested: <br />Land $ <br />Public Improvement $ <br />Site Improvement $ <br /> <br />Current Real Estate Taxes on Project Site: $ <br />Estimated Real Estate Taxes upon Completion: $ <br /> <br />Construction Start Date: <br />Construction Completion Date: <br />If Phased Project: Year % Completed <br /> Year % Completed <br /> <br />C. PUBLIC PURPOSE <br />It is the policy of the City of Mounds View that the use of Tax Increment Financing should result in a <br />benefit to the public. Please indicate how this project will serve a public purpose. <br /> <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 investment in the area. <br /> <br /> _The project contributes to the fulfillment of the City’s economic development and redevelopment goals <br /> <br /> _Removal of blight. <br /> <br /> _Rehabilitation of a high profile or priority site. <br /> <br /> _Provision of Low and Moderate Income Housing. <br /> <br /> _Other:
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