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Adopted 5/12/97 <br /> • <br /> CITY OF MOUNDS VIEW <br /> APPLICATION FOR TAX INCREMENT FINANCING <br /> PROJECT: <br /> 1. Business Name: Silverview Estates, Inc. - 5,000 Sq. Ft. Office Building <br /> Address: 4196 Lexington Avenue, Shoreview, MN 55126 <br /> Telephone #: (612) 483-5518 <br /> Contact: Marcel Eibensteiner <br /> 2. Brief Description of the Business. (Please provide # of years in business under <br /> current ownership and # of years in Mounds View) <br /> Silverview Estates, Inc. is a single purpose Minnesota corporation which was <br /> formed for the sole and exclusive purpose of the development of a mixed use real <br /> estate project in Mounds View, Minnesota. Silverview Estates, Inc. ("Silverview") <br /> was recently incorporated for purposes of development of the project and has not <br /> commenced business operations. Silverview is owned 50% by Mr. Marcel <br /> Eibensteiner and 50% by Mr. Dale Jones. Both Mr. Eibensteiner and Mr. Jones <br /> have a long history of real estate development ownership and operation including <br /> the ownership and operation of multi-family housing, office and other commercial <br /> projects. Mr. Eibensteiner and Mr. Jones each have over 30 years of experience in <br /> real estate development, sales and finance. A copy of Mr. Eibensteiner's and Mr. <br /> Jones' resumes are attached. <br /> 3. Present Ownership of the Site: The entire project site is currently owned by Mr. Dale <br /> Jones, family members and various affiliates. It will be conveyed to the- development <br /> entities at financing closing. A small portion of the Project site is owned by a third party <br /> which is the owner of the proposed adjacent convenience store. Silverview Estates has an <br /> agreement with the adjacent owner for the acquisition of this portion of the Project site. _. <br /> • <br />