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Agenda - Economic Development Authority - 10/08/2001
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Agenda - Economic Development Authority - 10/08/2001
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
10/08/2001
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/~/~ 11. <br /> <br />Current personal financial statement (See credit application) for each <br />proprietor, partner and each stockholder with 20% or more ownership of the <br />Business. Also when required by the City of Ramsey. personal financial <br />statements from officers and shareholders with less than 20% ownership. <br />Exhibit IX <br /> <br />A schedule of any previous government financing by any principals or <br />affiliates, indicate name of agency, the original amount, date of the request, <br />approved or declined. The outstanding balance and whether it is current, <br />delinquent or paid in full. Exhibit X <br /> <br />A copy of existing or proposed lease or purchase agreement for other <br />financing arrangements. Preliminary plans and specifications and <br />estimates of cost covering new construction and/or machinery and <br />equipment (M&E). Verification of the useful life of any M&E. Exhibit Xi <br /> <br />12. A bdef statement concerning the purpose of the loan and its potential <br /> economic development impact. Exhibit Xll <br /> <br />The following questions are for business startups only. <br /> <br /> ~' 13. A pro forma balance sheet and projected income statement for two years, <br /> Exhibit XIII <br /> <br />A monthly cash flow analysis for the next 12 months or 3 months beyond <br />the breakeven point. Exhibit XIV <br /> <br />Received by the City of Ramsey: <br /> <br />TOTRL P.03 <br /> <br /> <br />
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