Applications for industrial revenue bonds shall be made to the Village Manager. Any person, firm, or corporation may file an application, as hereinafter provided, requesting consideration of the issuance of such bonds. The person, firm or corporation requesting the issuance of industrial revenue bonds shall submit their application, accompanied by a nonrefundable application fee of five thousand dollars ($5,000.00). The application shall contain the following information:
(a) Name, address and telephone number of the person, firm or corporation submitting the application. If the project is to be owned or occupied in substantial part by a party other than the person submitting the application, the name, address and telephone number of that party along with a brief description of the relationship of such party to the one submitting the application. Hereinafter, the one submitting the application and any other party which will own or occupy a substantial portion of the project are together referred to as the "applicant";
(b) A listing of principal shareholders, partners and officers of applicant;
(c) Names of bank and trade references;
(d) Street address and legal description of the property where the proposed project will be located;
(e) Name and address of any and all current and proposed legal and beneficial owners of the property where the project is to be located;
(f) If the applicant is not the owner of the property where the project is to be located, a statement indicating the interest, if any, of the applicant in the property where the project is to be located. If the applicant is a lessee or contract purchaser of said property, a copy of such lease or contract shall be filed along with the application;
(g) A description of the project for which industrial bond financing is requested, including nature of the business to be conducted, foreseeable benefits to the Village, number of persons to be employed at the project and estimated project costs;
(h) Site plans, preliminary construction plans, floor plans and leases or proposed leases;
(i) A resume of the applicant which shall include the following:
(1) A description of each business in which the applicant is engaged;
(2) A description of any and all projects in which the applicant and related parties have participated which were similar to the project for which industrial revenue bond financing is requested;
(3) A statement indicating whether the applicant or related parties have ever been involved in a project financed by industrial revenue bonds and, if so, a description of each such project and a statement indicating whether there has ever been a default in any such bonds;
(4) A statement indicating whether applicant or any related party has been a party in any bankruptcy proceedings at any time in the five (5) year period preceding the date of the filing for the application and, if so, a description of such proceedings, including the caption of any lawsuits and the outcome thereof;
(5) A statement indicating whether applicant, within three (3) years preceding the date of application, has been in default or allegedly in default in the payment of any debt instruments on which the applicant is a signatory and, if so, a description of such debt instrument and such default;
(6) A statement indicating the length of time applicant has been doing business and the length of time applicant has engaged in projects of the type for which industrial revenue bond financing is requested;
(7) If the applicant is a corporation, copies of any and all annual reports and prospectuses issued within five (5) years preceding the date of application for industrial revenue bond financing;
(8) Certified copies of audited financial statements of the applicant for five (5) years preceding the date of the filing of the application for industrial revenue bond financing;
(9) The most current Securities and Exchange Commission "10-K Report" of the applicant, if it is required under applicable law to file;
(10) A list setting forth the caption, if pending, and a brief description of any and all pending or threatened litigation against the applicant which could have an impact on the existence of the applicant or its business or the financial position of applicant. In this regard, applicant shall disclose any pending or threatened litigation which charges applicant or, if applicable, any of its officers or partners with misfeasance, misrepresentation, fraud, a violation of any criminal law, or anti-trust violations; and any cases in which judgment has been entered or requested against applicant in an amount in excess of two hundred fifty thousand dollars ($250,000.00), unless the disclosure of cases in which lesser or greater judgments have been entered or requested is required by the Village Manager;
(11) Any other data which discloses relevant financial information such as the applicant's bond rating and the like. The Village Manager, upon the advice of staff and/or consultants, may require any additional information from applicant.
(j) A statement indicating the zoning classification of the property where the project is to be located along with a statement indicating whether any amendments to the Zoning Ordinance of the Village or special approvals such as variations or special permits will be required for the project. This statement should include a basic description of the use that the project will be put to;
(k) A site plan for the property where the project is to be located showing any existing structures and the proposed project;
(l) A rendering of the project;
(m) A statement indicating the amount of funding requested for the project and a description of the purpose for which the funding will be used;
(n) A description of any proposed financing arrangement for the project;
(o) The name and address of the proposed purchaser of the industrial revenue bonds proposed to be issued, if known; and
(p) A statement of the public purpose to be served by the issuance of industrial revenue bonds for the project. (Ord. 0-81-26, 4-6-81)