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! <br /> <br />#7. <br /> <br />#9. <br /> <br />#10. <br /> <br />#12, <br /> <br />#13, <br /> <br />#14. <br /> <br /> CITY OF RAMSEY <br />REVOLVING LOAN FUND APPLICATION <br /> <br />"Exhibits" <br /> <br />Sunfish Properties, LLC is a single entity partnership created to develop, own and <br />manage the approximate 23,000 SF. Sunfish Commons retail center. The property is <br />located at the intersection of Sunfish BIvd. and Hwy. 10. <br /> <br />Loan proceeds will be used for costs associated with asbestos removal, soil correction <br />and utility extensions. <br /> <br />Information to be forwarded under separate cover. <br /> <br />The project is being developed with a $2,400,000 construction loan, The loan is current. <br /> <br />Sunfish Properties, LLC is made up of a group of local businessmen, each owning less · <br />than 20%. <br /> <br />Various members of the ownership group have been involved in projects outside of <br />Ramsey that have utilized government financing of some type. All such projects involved <br />partnerships and every financing is either current or has been paid in full. <br /> <br />The purpose of the loan is to pay for extraordinary redevelopment costs. The assistance <br />promotes the redevelopment of a key location within the City. Further, the resulting <br />project will more than double the employment base from the previous use and the tax <br />base will be increased by a larger margin. <br /> <br />Information to be forwarded under separate cover. <br /> <br />Information to be forwarded under separate cover. <br /> <br /> <br />