An Applicant is responsible for initiating consideration of a particular Application by submitting the following:
(a) letter from the Applicant describing the Project, the Project's impact upon the community and its fiscal effect upon the city and outlining the specific Assistance requested;
(b) business plan, including ut not limited to executive summary of the business plan, company history, historical and pro forma financial information and resumes of the company principals of the Applicant;
(c) phase I environmental survey of the real property to be developed;
(d) survey of the real property to be developed;
(e) preliminary plans for the proposed real property improvements or renovations;
(f) two preceding years' financial statements for the Applicant;
(g) such other information as the Administrator may reasonably require; and
(h) any fee for submission of an Application as may be established for same pursuant to resolution or ordinance of the City Council.
As an alternative to the Application described in the section, the Administrator may accept an application for tax abatement as an Application pursuant to this article. If the Applicant qualifies pursuant to the terms of this article, the city may grant Assistance in lieu of or in addition to tax abatement.