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4.Subdistricts for Hazardous SubstancesOnly the years needed to pay for cleanup <br />APPENDIX 3. Tax Increment Process. <br />Applications requesting use of tax increment <br />financing subsidies shall be accompanied by the following without exception: <br />A.Statement of public purposes as described in Sections 1, 2, and 3, (above) and benefits to citizens <br />and community. <br />B.Description of the project; the project construction value; and estimated net, new taxes; the <br />number of permanent, net new jobs to be created; and the estimated annual wages of the new <br />jobs. <br />C.Site plans and preliminary architectural drawings of the project. <br />D.Description of the size and experience of the development company and the potential occupant of <br />the building. <br />E.Statement of property ownership, partners, or representations. <br />F.A net worth statement of the proposed owner or developer. <br />G.Letter of financial feasibility from the lending institution and a letter from the lender stating that <br />the project cannot be built without additional assistance from the City. <br />H.A market analysis for the proposed use. <br />I.A cash flow analysis and/or pro forma; the owner equity in the project and the amount to be <br />financed (short-term construction loans and long-term financing). <br />A zoning and planning analysis and recommendation regarding land use consistency from the <br />J. <br />City’s Planning Commission. <br />K.A statement from the School District, the County, and other affected taxing units which <br />acknowledges the project and states the impact this project will have upon them and any other <br />comments they wish to forward to the City Council. <br />A deposit, <br />L.of for administrative services as determined by the City Council. <br />II-32 <br /> <br />