Laserfiche WebLink
M.V. EDA Tax Increment Financing Policy 1.22.07 <br />9 <br />E. ADDITIONAL DOCUMENTATION <br />Applicants will also be required to provide the following documentation. <br /> <br />______A) Written business plan, including a description of the business, <br />ownership/management, date established, products and services, and <br />future plans <br /> <br />_______B) Financial Statements for Past Three Years <br /> Profit & Loss Statement <br /> Balance Sheet <br /> <br />_______C) Current Financial Statements <br /> Profit & Loss Statement to Date <br /> Balance Sheet to Date <br /> <br />_______D) Two Year Financial Projections, including Profit & Loss, Balance Sheet, <br />Cash Flow Statement. Please list assumptions, inc. estimated personnel <br />levels and sales growth. <br /> <br />_______F) Personal Financial Statements of all Major Shareholders with a 10.0% or <br />greater ownership interest if “Up Front” Financing is Requested <br /> Profit & Loss <br /> Current Tax Return <br /> <br /> _______G) Letter of Commitment from Applicant Pledging to Complete during the <br />proposed project duration <br /> <br /> H) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in <br /> Project <br /> <br />_ I) Application fee of $5,000 <br /> <br />_____J) Additional information that will be helpful in evaluating <br /> your application <br /> <br />Note: All Major shareholders will be required to sign personal guarantees if up front financing of <br />the project is required. <br /> <br />The undersigned certifies that all information provided in this application is true and <br />correct to the best of the undersigned’s knowledge. The undersigned authorizes the <br />Mounds View Economic Development Authority to check credit references and verify <br />financial and other information. The undersigned also agrees to provide any additional <br />information as may be requested by the Authority after the filing of this application. <br /> <br />Applicant Name Date <br /> <br />By <br /> <br />Its <br />