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Qi y of Hugo, Minnesota <br /> Balance Sheet to Date N/A—new entity <br /> ❑ D) Two Year Financial Projections To Come <br /> ❑ F) Personal Financial Statements of all Major Shareholders <br /> Profit&Loss <br /> Current Tax Return To Come <br /> ❑ G) Letter of Commitment from Applicant Pledging to Complete During the Proposed Project <br /> Duration To Come <br /> ❑ H) Letter of Commitment from the Other Sources of Financing, Stating Terms and Conditions <br /> of their Participation in Project To Come <br /> X 1) Non refundable application fee of$2,500 <br /> X J) Check for$10,000 to be placed in escrow to be used by the City to complete analysis of the <br /> subsidy requested,and to pay costs associated with Attorney's fees for the TIF Agreement <br /> (unused portion to be refunded) <br /> The undersigned certifies that all information provided in this application is true and correct to the best of <br /> the undersigned's knowledge. The undersigned authorizes the City of Hugo to check credit references and <br /> verify financial and other information. The undersigned also agrees to provide any additional information <br /> as may be requested by the City after the filing of this application. <br /> Applicant Name Development Partners Hugo LLC Date May 22,2008 <br /> By <br /> Its Managing Member <br /> -4 - <br />