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style obstacle courses. Participants in this event raise money which is donated to the <br />Wounded Warrior Project, a charity and veterans service organization that offers programs, <br />services and events for veterans of the military actions following the events on 9-11-01. <br />Finally, DNI employees participate annually in the Autism 5k Run/Walk, raising money for <br />Children with Autism Deserve Education (CADE). <br />7. Attach two years of historical financials (Profit & Loss/Balance Sheets/Income Statement/Cash <br />Flow Statement) and financial projections <br />Attached <br />PART B — Project Description. Describe the project for which JCF funds are being requested. Please <br />include the following information: <br />8. Provide details for the project for which JCF funds are being requested. Discuss topics such as <br />square footage increase, lease vs ownership, new construction vs renovation or leasehold <br />improvements, etc. <br />DNI is proposing a $1.2M expansion project to nearly double the size of their facility. They are <br />looking to expan their current facility by 19,456 sq. ft, and purchase approximately $195,000 <br />in new equipment, including a forklift, pallet racking, cubicles and computers. Total cost of <br />their expansion with site improvements and equipment is $1,375,955. <br />9. Describe how the JCF project will strengthen and/or diversify the local or Minnesota economy. <br />This project will strengthen the local economy through increased tax base, the retention of 62 <br />FTE and 7 PTE well -paying jobs, and the creation of a minimum of 30 new full-time <br />employees, paying an average of $18.54. This project will keep a family owned, Minnesota <br />based company in the state; with over ten years in Ramsey, MN, the company would like to <br />continue to grow, create jobs and contribute to the local economy. <br />10. Describe any local government assistance for the JCF project (e.g., city loan, abatement, TIF, <br />etc,) and comment on dollar amounts and/or general information on any city projects related to <br />this project. <br />DNI is working with the City of Ramsey to apply for a revolving loan fund from the City in the <br />amount of $195,000 to cover the cost of machinrey and equipment and to assist with ofsetting <br />the total cost of the project and ensure the company's growth. Staff supports this request, <br />and the Ramsey EDA and City Council will be considering the application in August 2016. <br />11. Attach line -item construction cost estimates for real property improvements for the JCF project. <br />Attached. <br />12. If available, attach a commitment letter from each financing source (ie Financial Institutions), <br />including a letter of commitment for any business equity <br />PART C — Business Competitors. Identify the competitors of the business within local community (city <br />and county), the adjacent counties, and in the state of Minnesota. Include: <br />