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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
Creation date
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MV EDA
EDA Document Type
Council Packets
Date
2/8/2016
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<br /> 10 <br />B. PROJECT INFORMATION <br /> <br />1. The project will be: <br />____Mixed Use Development ____New Construction ____Rehabilitation/Expansion <br />____Commercial Development: ____New Construction ____Rehabilitation/Expansion <br />____Industrial Development: ____New Construction ____Rehabilitation/Expansion <br />____Housing/Other_____________: ____New Construction ____Rehabilitation/Expansion <br /> <br />2. In addition to the Mounds View EDA, applicant is requesting rebate funds <br />from: __ Ramsey County School District 621 <br /> <br />3. The project will be: ___Owner Occupied ____Leased Space <br /> If leased space, please attach a list names and addresses of future lessees and indicate <br />the status of commitments or lease agreements. Attach as Exhibit E. <br /> <br />4. Project Address <br /> Include Legal Description and PID Number. Attach as Exhibit F <br /> <br />5. Site Plan Attached: ____ Yes ____ No <br /> <br />6. Total Rebate Requested: $ over years. <br /> City Rebate: Annual $ Total $ <br /> County Rebate: Annual $ Total $ <br /> ISD 621 Rebate: Annual $ Total $ <br /> <br />7. Current Market Value of Project Site: $ <br />Estimated Market Value upon Completion: $ <br />Current Real Estate Taxes on Project Site: $___________ <br />Estimated Real Estate Taxes upon Completion: $ <br /> <br />8. 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 Mounds View EDA that the use of tax rebate financing <br />should result in a benefit to the public. Please indicate how this project will <br />serve a public purpose. <br /> <br />___Job Creation/Retention: Number of existing jobs <br />Number of jobs created by project <br />Average hourly wage of jobs created <br />___Industrial development resulting in additional private investment <br /> Enhancement and/or diversification of the city’s economic and tax base <br />___Removal of blight <br />___Provide housing opportunities <br />___Rehabilitation of a high profile or priority site <br />___Other: <br /> <br />M.V. Tax Rebate Policy 9.22.03 Final
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