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City of Hugo, Minnesota <br /> USES AMOUNT <br /> Land Acquisition $ <br /> Site Development $ <br /> Construction $ <br /> Machinery & Equipment $ <br /> Architectural & Engineering Fees $ <br /> Legal Fees $ <br /> Interest During Construction $ <br /> Debt Service Reserve $ <br /> Contingencies $ <br /> TOTAL $ <br /> E.ADDITIONAL DOCUMENTATION <br /> Applicants will also be required to provide the following documentation. <br /> A) Written business plan, including a description of the business, <br /> ownership/management, date established, products and services, and <br /> future plans <br /> B) Financial Statements for Past Two Years <br /> Profit& Loss Statement <br /> Balance Sheet <br /> C) Current Financial Statements <br /> Profit& Loss Statement to Date <br /> Balance Sheet to Date <br /> D) Two Year Financial Projections <br /> F) Personal Financial Statements of all Major Shareholders <br /> Profit& Loss <br /> Current Tax Return <br /> G) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> H) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in <br /> Project <br /> 1) Non refundable application fee of$2,500 <br /> J) Check for$10,000 to be placed in escrow to be used by the City to <br /> complete analysis of the subsidy requested, and to pay costs <br /> associated with Attorney's fees for the TIF Agreement(unused portion <br /> to be refunded) <br /> Page 9 <br /> rings <br />