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B. Agreements between lending institution and city regarding reproduction of.pertinent information regarding the loan. 3. All loan documentation shall include agreements between borrower and lender regarding release of privacy regarding the status of the loan. OTHER REQUIREMENTS The purpose of this determination is to ensure that the assistance provided to a for-profit business is actually needed to make the project work and is not excessive in the amount of assistance. In order to accomplish this determination, for-profit businesses applying to the HEDF shall provide the following: 1. A detailed feasibility study both fiom a narrative and descriptive basis as well as financial _ projections for three years into the futures (i.e. cash flow proforma, projected balance sheets and profit and loss statements, etc.). 2. A market analysis demonstrating the opportunity for the product, or increased supply of product(if an expansion of an existing business). 3. A management plan and background of key management personnel. 4. The number of types of jobs to be retained and/or created. 5. Estimated increases to the tax base of Hastings. 6. Any other peripheral development which may occur as a result of the project. The HEDF will also require information necessary to allow them to make the following determinations. A. Whether project costs are reasonable in comparison to similar projects or industry standards. B. Whether pro forma projections are reasonable when compared with historical date (if any) or with industry standards (i.e. RMA, etc.). C. Documentation of private and bank funds that are committed to project costs. D. Terms of any loan proceeds that are part of Project. E. Documentation that a financing"gap" exists and financial assistance is necessary. F. Documentation that the rate of return is unsatisfactory and financial assistance is required to