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{"sheet":"Instructions","index":0,"n_rows":13,"n_cols":2,"rows_kept":13,"cut":false,"hidden":false,"merged":[[12,0,12,2],[1,0,1,2],[2,0,2,2],[3,0,3,2],[11,0,11,2]]}
[]
["INDUSTRIAL DEVELOPMENT BOARD\nOF THE CITY OF MINDEN, LOUISIANA, INC.\n\nAPPLICATION FOR PAYMENT IN LIEU OF TAXES"]
[]
["INSTRUCTIONS"]
[null,"Please complete the attached application form and attach all exhibits as directed.  All applications must be bound and submitted on 8½\" x 11\" paper.  A divider must separate the exhibits from the application and each exhibit must be labeled with a tab label.  Any items larger than 8½\" x 11\" should be brought to the Board meeting.  Applications must be the submitted to the IDBM not less than two (2) weeks prior to any upcoming IDBM meeting.  An electronic copy of the completed application should be emailed to economicdevelopment@minden.com, and six (6) printed copies of each application must be submitted to:"]
[null,"Mr. James Graham, Executive Director\nIndustrial Development Board\nof the City of Minden, Louisiana, Inc.\n520 Broadway St.\nMinden, LA 71055"]
[null,"along with a non-refundable application fee of $3,000 payable to \"Industrial Development Board of the City of Minden, Louisiana, Inc.\"  One copy of the application should also be forwarded to:"]
[null,"Adams and Reese, LLP\nOne Shell Square, 45th Floor\n701 Poydras St.\nNew Orleans, Louisiana 70139\nattn: David M. Wolf"]
[null,"The IDBM generally meets on the last Tuesday of each month, and applicants are requested to file their applications as instructed above no later than two (2) weeks prior to any upcoming Board meeting.\n\nIf you have any questions, please contact Mr. James Graham (tel: 318­377­2144) at the City of Minden , or the IDBM's special counsel, Adams and Reese LLP (David Wolf, tel: 504-585-0117)."]
[]
[null,"PUBLIC RECORDS NOTICE: Applicants are reminded that the IDBM is a quasi-public body and that the entire contents of this application, including any supplemental materials, will be subject to the Public Records Law upon submission to the IDBM."]
[]
["Minden IDB PILOT Application v1 Revised: July 26, 2016"]

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[]
[{"$f":"Instructions!A2","v":"INDUSTRIAL DEVELOPMENT BOARD\nOF THE CITY OF MINDEN, LOUISIANA, INC.\n\nAPPLICATION FOR PAYMENT IN LIEU OF TAXES"}]
[]
["Part 1 - GENERAL INFORMATION"]
[1,"Name of Applicant"]
[null,"Mailing\nAddress"]
[null,"Contact Person",null,"Phone"]
[null,"E-Mail",null,"Fax"]
[{"$f":"A5+1","v":2},"Type of Entity (choose\nfrom dropdown list)"]
[null,"State of Organization",null,"Created on"]
[null,{"$f":"\"Principals of the\nApplicant (also \ncomplete Exhibit \"&TEXT(Exhibits!A7,\"\")&\")\"","v":"Principals of the\nApplicant (also \ncomplete Exhibit B)"}]
[{"$f":"A9+1","v":3},"Applicant's Attorney"]
[null,"Mailing\nAddress"]
[null,"Contact Person",null,"Phone"]
[null,"E-Mail",null,"Fax"]
[4,{"$f":"\"Description of Project\nfor which a PILOT is sought.\n\nProvide a brief project description here.  Additionally, a more detailed description should be attached as Exhibit \"&Exhibits!A8&\".\"","v":"Description of Project\nfor which a PILOT is sought.\n\nProvide a brief project description here.  Additionally, a more detailed description should be attached as Exhibit C."}]
["This will serve as authorization for the application to the Industrial Development Board of the City of Minden, Louisiana, Inc. (the \"IDBM\"), for approval of the bonds described above.  Any agreements, statement and representations made by the undersigned in this application may be relied upon by the IDBM as the statements, agreements and representations of the Applicant named in #1 above. "]
["Signature of Applicant ",null,null,"Date"]
[{"$f":"Instructions!A13","v":"Minden IDB PILOT Application v1 Revised: July 26, 2016"}]

{"sheet":"Project Info","index":2,"n_rows":22,"n_cols":3,"rows_kept":22,"cut":false,"hidden":false,"merged":[[21,0,21,3],[13,0,20,0],[5,2,5,3],[1,0,1,3],[2,0,2,3],[3,0,3,3],[4,2,4,3],[10,0,12,0],[6,2,6,3],[10,1,12,1],[7,2,7,3],[8,2,8,3],[13,1,20,1],[9,2,9,3],[5,0,6,0],[7,0,8,0]]}
[]
[{"$f":"Instructions!A2","v":"INDUSTRIAL DEVELOPMENT BOARD\nOF THE CITY OF MINDEN, LOUISIANA, INC.\n\nAPPLICATION FOR PAYMENT IN LIEU OF TAXES"}]
[]
["Part 2 - REGARDING THE CONSTRUCTION OF THE PROJECT"]
[{"$f":"'General Info'!A16+1","v":5},"Exact Location and/or\nStreet Address of Project\nin the City of Minden"]
[{"$f":"A5+1","v":6},"General Contractor"]
[null,"Address of principal office \nand phone number"]
[{"$f":"A6+1","v":7},"Architect"]
[null,"Address of principal office \nand phone number"]
[{"$f":"A8+1","v":8},{"$f":"\"If any of the persons listed in \"&TEXT(A6,\"0\")&\" - \"&TEXT(A8,\"0\")&\" do not have their principal office in the City of Minden, please explain the reason for not using local participants in those roles\"","v":"If any of the persons listed in 6 - 7 do not have their principal office in the City of Minden, please explain the reason for not using local participants in those roles"}]
[{"$f":"A10+1","v":9},"Construction\nTime Schedule","Date of Commencement of Construction"]
[null,null,"Anticipated Completion Date"]
[null,null,"Anticipated Placed-in-Service Date"]
[{"$f":"A11+1","v":10},"Employment\nInformation (also\ncomplete Exhibit F)","Estimated Number of Temporary Construction Jobs"]
[null,null,"Estimated Construction Payroll"]
[null,null,"Estimated Number of New Permanent Jobs Created"]
[null,null,"Estimated New Permanent Jobs Payroll"]
[null,null,"Number of Permanent Jobs Retained"]
[null,null,"Permanent Jobs Retained Payroll"]
[null,null,"Estimated % of permanent jobs for minorities"]
[null,null,"Estimated % of permanent jobs for N.O. residents"]
[{"$f":"Instructions!A13","v":"Minden IDB PILOT Application v1 Revised: July 26, 2016"}]

{"sheet":"Certifications","index":3,"n_rows":10,"n_cols":3,"rows_kept":10,"cut":false,"hidden":false,"merged":[[9,0,9,3],[5,0,5,3],[6,0,6,3],[7,0,7,3],[1,0,1,3],[2,0,2,3],[3,0,3,3],[4,0,4,3]]}
[]
[{"$f":"Instructions!A2","v":"INDUSTRIAL DEVELOPMENT BOARD\nOF THE CITY OF MINDEN, LOUISIANA, INC.\n\nAPPLICATION FOR PAYMENT IN LIEU OF TAXES"}]
[]
["Part 3 - APPLICANT CERTIFICATIONS"]
["Local Worker and MBE/DBE Participation:  We acknowledge that the establishment of minority equal employment and business opportunity is a matter of public policy in Minden, and that the IDBM has adopted policies to further this goal.  If a PILOT is approved, (i) we understand that at least 51% of the workers employed on the construction of the project must be residents of Minden or Webster Parish and (ii) we will use our best efforts to award at least 20% of construction contracts to minority and/or disadvantaged business enterprises.  Specific details will be included in final documents that include the details of the final PILOT agreement, including penalties for failure to meet these goals.\n\nIf a PILOT is approved, we agree to implement and maintain an aggressive employment policy that will actively strive to identify and employ qualified minority persons and women-owned or operated businesses in every area of our operation.  We will specifically notify organizations such as the Strategic Action Council, NAACP (Shreveport Branch) and other such agencies as to the nature of our commitment and in particular as to job and business opportunities that develop in and with our firm on an on-going year-round basis.  We further pledge ourselves to continual cooperation with the IDBM by providing specific information regarding our progress in this endeavor upon request by the IDBM."]
["Signage.  At our expense, we will place and maintain an approximately 4' x 8' sign on each street that the project faces from the date construction begins until completion.  Such sign shall acknowledge that the financing of the project was made possible through the assistance of the IDBM.  We agree to mention the assistance of the IDBM in press releases and in any public celebratory functions such as ground-breakings, grand openings and other similar events.  Directors of the IDBM, the Mayor and members of the Minden City Council will be invited to each such event and be recognized for their contribution.\n"]
["Fees.  In addition to the $3,000 application fee submitted herewith, we acknowledge that the IDBM imposes a closing fee and may impose an annual fee in connection with the PILOT, and we agree to pay same.  We will be responsible for all publication expenses in connection with the PILOT application.\n\nA closing fee equal to 1/10 of 1% of the estimated \"capital cost\" of the entire project that is subject to the PILOT will be due at signing of the PILOT documents.  Normally, the \"capital cost\" will be the construction budget for the project as approved by the project lenders, including land acquisition and all other expenses that could be capitalized for federal  income tax purposes.\n\nAn IDBM Administrative Fee may also be negotiated and due annually during the term of the PILOT.  The annual fee will be fixed at closing, and will normally be approximately the lesser of 1/20 of 1% of the total capital cost of the project or 1/20 of 1% of the assessed valuation of the property upon completion, as projected by the Webster Parish Assessor."]
["We also acknowledge that we will be responsible for the payment of the fees and expenses of the IDBM's counsel, which will be due at closing.  We will employ our own independent counsel to represent our interests in connection with the negotiation and implementation of the PILOT."]
["Signature of Applicant ",null,"Date"]
[{"$f":"Instructions!A13","v":"Minden IDB PILOT Application v1 Revised: July 26, 2016"}]

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[]
[{"$f":"Instructions!A2","v":"INDUSTRIAL DEVELOPMENT BOARD\nOF THE CITY OF MINDEN, LOUISIANA, INC.\n\nAPPLICATION FOR PAYMENT IN LIEU OF TAXES"}]
[]
["Part 4a - PILOT INFORMATION"]
["The IDBM is required to own any property that is subject to a payment in lieu of tax (\"PILOT\"); this public ownership is what allows the property to be exempt from local property taxes and the contractual PILOT payment to be negotiated and paid by the applicant.  La. R.S. 51:1160 allows the IDBM to negotiate a PILOT in an amount up to what the ad valorem taxes would have been if the IDBM did not take title to the subject project.  "]
["All of the information required for consideration of the approval of a PILOT is material to the evaluation of the desirability of abating or reducing ad valorem property taxes through the PILOT program.  In addition, the IDBM reserves the right and generally will require an independent cost/benefit analysis to be conducted in connection with any reduced-payment PILOT application.  This report will only be conducted upon the agreement of the applicant to pay the costs of such report and upon the making of arrangements to do so.\n\nThe IDBM will use the information provided below as a starting point in negotiations of the terms of any PILOT.\n\nIF ADDITIONAL SPACE IS REQUIRED TO ANSWER ANY QUESTION IN THIS PART, PLEASE ATTACH THOSE SHEETS IMMEDIATELY AFTER THIS PART.\n"]
[{"$f":"1+'Project Info'!A14","v":11},{"$f":"\"Lot Numbers and Tax Bill Numbers for\nthe Project\n\n(attach Tax Bills as Exhibit \"&Exhibits!A10&\").\"","v":"Lot Numbers and Tax Bill Numbers for\nthe Project\n\n(attach Tax Bills as Exhibit E)."}]
[{"$f":"A7+1","v":12},"Most Recent Assessed Valuation ($)",null,"For Tax Year  "]
[13,"Amount of Most Recent Tax Bill ($)",null,"For Tax Year"]
[14,"Estimated Assessed Valuation\nupon completion of Project ($)"]
[15,"Estimated Ad Valorem taxes\nupon completion of Project ($)"]
[16,{"$f":"\"Millage Rate used to calculate #\"&TEXT(A11,\"0\")","v":"Millage Rate used to calculate #15"}]
[17,"Proposed PILOT Payment ($)",null,"Beginning in Tax Year"]
[18,"Number of Years PILOT is requested",null,"Beginning in Tax Year"]
[{"$f":"A14+1","v":19},"Tax years PILOT is requested for (for example, 2017-2027)"]
["Part 4b - PAYMENT IN LIEU OF TAX (\"PILOT\") INFORMATION"]
[{"$f":"A15+1","v":20},"If there is competition for the location of the project in another jurisdiction, or if applicant claims that the local property tax burden makes it impractical to locate the project in Minden, please explain  how the proposed PILOT will address those issues."]
[{"$f":"A17+1","v":21},{"$f":"\"Is the PILOT necessary to make the return on investment sufficient to justify the project?  If so, please explain how, and also complete #\"&TEXT(A19,\"0\")&\" below.\"","v":"Is the PILOT necessary to make the return on investment sufficient to justify the project?  If so, please explain how, and also complete #22 below."}]
[{"$f":"A18+1","v":22},"If the motivation for this PILOT request is based on a lower return on investment than will justify the Project, then based on projections or pro-formas, is the applicant willing to increase its PILOT payments based on better than expected performance?"]
[{"$f":"A19+1","v":23},"Describe any other federal, state and/or local incentives or programs for which the Applicant is applying in connection with the Project."]
[{"$f":"A20+1","v":24},"PILOT Payments are subject to the Applicant providing objectively measurable economic benefits to the City of Minden (other than employment addressed in #10 above), such as sales taxes, affordable housing, etc.  Please list here the benefits that the City can expect to receive from the Project.\n\nShould the anticipated benefits not accrue in future years, the PILOT terms may contain clawback provisions requiring the applicant to make increased PILOT payments if the promised economic benefits to the City do not accrue."]
[{"$f":"Instructions!A13","v":"Minden IDB PILOT Application v1 Revised: July 26, 2016"}]

{"sheet":"Exhibits","index":5,"n_rows":16,"n_cols":2,"rows_kept":16,"cut":false,"hidden":false,"merged":[[1,0,1,1],[2,0,2,1],[3,0,3,1],[4,0,4,1],[15,0,15,1]]}
[]
[{"$f":"Instructions!A2","v":"INDUSTRIAL DEVELOPMENT BOARD\nOF THE CITY OF MINDEN, LOUISIANA, INC.\n\nAPPLICATION FOR PAYMENT IN LIEU OF TAXES"}]
[]
["Part 5 - LIST OF REQUIRED EXHIBITS TO APPLICATION"]
["Please attach the following exhibits to the application, using a tabbed divider to separate each exhibit from the application itself.  Any items larger than 8½\" x 11\" that cannot be reduced to 8½\" x 11\" should be brought to the Board meeting."]
["A","Copy of $3,000 application fee check."]
["B","List of the principals of the Applicant, including their names, addresses and ownership percentages."]
["C",{"$f":"\"Narrative Description of the Project (more detailed than the summary requested in #\"&TEXT('General Info'!A16,\"0\")&\" of the Application), and including any available drawings, floor plans, specifications, pictures and market studies).\"","v":"Narrative Description of the Project (more detailed than the summary requested in #4 of the Application), and including any available drawings, floor plans, specifications, pictures and market studies)."}]
["D","Webster Parish Assessor's projection of (a) taxable assessed valuation upon completion of project and (b) amount of local property taxes that would be due in the absence of any PILOT arrangement."]
["E","Copies of the most recent tax bill(s) for the subject property, showing assessed value and amount of taxes levied on the subject property."]
["F","Independent Verification of an architect, engineer, real estate appraiser or contractor certifying that the design of the Project has a reasonable likelihood of accomplishing its objective."]
["G","Budget showing all sources of funds (bond proceeds, equity contributions, etc.) and a breakdown of expenditures."]
["H","Breakdown of categories of temporary construction jobs and permanent jobs to be created and/or retained by the Project."]
["I","Three-year pro forma for the Project."]
["J","Description of any other incentives that are being considered, such as tax-exempt bonds issued by another entity, New Markets Tax Credits, Historic Tax Credits, etc., the amount of each such incentive, and the status of any pending applications for other incentives."]
[{"$f":"Instructions!A13","v":"Minden IDB PILOT Application v1 Revised: July 26, 2016"}]