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1. Businesses that do not have a physical address within the City. 2. Businesses that derive income from passive investments without operational ties to operating businesses within the City; real estate transactions; property rentals or property management. 3. Businesses that primarily focus in on speculative activities based on fluctuations in price rather than the normal course of trade. 4. Businesses that primarily generate income from gambling activities. 5. Businesses that engage in activities prohibited by law. 6. Businesses that have no current or historical financial statements. 7. Businesses that earn revenue from pyramid schemes, lending services and/or day trading/short term investments. 8. Businesses that previously received emergency funds from the city during the current round of funding. Program Guidelines The Small Business Emergency Assistance Grant has the following terms and conditions: 1. Amount:Businesses may apply for a one-time emergency grant of up to$5,000. Applicants should apply for the total amount that they can safely guarantee will be used for the eligible uses found in paragraph 3, below even if the amount exceeds $5,000, in the event a future round of funding is considered. 2. Term: All grant awards must be utilized by November 15, 2020. 3. General Grant Uses: Awarded funds may be used exclusively for operating expense purposes, defined as current payroll obligations (i.e. may not include employees who have been laid off), lease or mortgage payments, utilities, accounts payable, and other critical business expenses that can't be paid as a direct result of the current health emergency. Awarded funds may not be used for business owner's/manager's personal uses or expenses. 4. Proof of Need: All applicants must demonstrate financial need for grant funds prior to approval. This includes but is not limited to the previous year's annual gross revenue, average monthly gross revenue prior to COVID-19, and projected monthly gross revenue for the next three months. Additionally, applicants are encouraged, but not required to provide evidence of application submittal, acceptance, approval and/or denial of state and federal emergency financing programs. This could simply include an email response from these agencies. 5. Proof of Expenses: Applicant shall provide proof of eligible expense(s) requested to be paid with grant funds. 6. Reporting: As a condition for receiving grant funding, all grant recipients are required to submit a Certification of Expenses form to the City upon funds being issued or before November 30, 2020 specifying how the entirety of the grant funds were utilized. 2