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t <br /> B. PROJECT INFORMATION <br /> The project will be: <br /> Industrial Greenfield: New Construction Expansion <br /> X Commercial Redevelopment: X New Construction Rehabilitation <br /> Industrial Redevelopment: New Construction Rehabilitation <br /> Housing Redevelopment: New Construction Rehabilitation <br /> Mixed Use Redevelopment: New Construction Rehabilitation <br /> Other <br /> Please explain the basic components of the project proposed, i.e., amount of new commercial <br /> square footage, numbers of housing units (rental or owner occupied), etc. The project will <br /> consist of an approximately 9,000 square foot sit-down restaurant with associated parking and <br /> the demolition of the existing Carpenter's Steakhouse. <br /> The project will be: X Owner Occupied Leased Space <br /> If leased space, please attach a list of names and addresses of future lessees and indicate the <br /> status of commitments or lease agreements. <br /> Project Address 14559 Forest Bouleyard Hugo, MN 55038 <br /> Legal Description See Exhibit E <br /> Site Plan Attached: X Yes No <br /> Amount of Tax Increment Requested for: <br /> Site clearing;demolition;mass grading $60,000 <br /> Earthwork, including. utility tie-ins $43,000 <br /> Public parking $132,000 <br /> SAC/WAC $165,000 <br /> Site Improvement, including curb, gutter, sidewalks $13,450 <br /> Landscaping, including irrigation $50,000 <br /> Pro rata portion(15%)of temporary conditions $13,350 <br /> Pro rata share of professional costs $9000 <br /> Total Subsidy Requested $400,0001 <br /> Current Assessed Value on Project Site: $758,700 <br /> Current Real Estate Taxes on Project Site: See Exhibit F $ <br /> City $ <br /> County $ <br /> School District $ <br /> Estimated Assessed Value upon Completion: $1.8 -$2.2 <br /> It <br /> Estimated Real Estate Taxes upon Completion:See Exhibit G <br /> 'Potential qualified costs will exceed available increment. <br /> 2 <br />