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CITY OF CENTERVILLE EDA REVOLVING LOAN PROGRAM OWNER <br />AGREEMENT <br />Owner Certification <br />DATE: <br />OWNER: <br />ADDRESS: <br />PROPERTY ADDRESS TO BE REHABILITATED: <br />BUSINESS NAME(S): <br />As owner of the above property, I hereby agree that I will adhere to the following <br />conditions of the City of Centerville EDA Revolving Loan Program (the <br />ÐProgramÑ): <br />1. Only one loan from the Program will be requested on each property and will <br />not exceed one-half the cost of the eligible building improvement or $20,000, <br />which is less. <br />2. It is understood that the loan from the Program is for contract construction <br />and is only for eligible rehabilitation of building systems, eligible interior <br />work and/or façade improvement. No refinancing and no acquisition will be <br />done utilizing the City of Centerville EDA loan. <br />3. Hazard insurance will be maintained on the property at all times in an amount <br />sufficient to cover the full amount of the loan and will be paid by myself and <br />will not be paid out of the loan proceeds. <br /> <br />4. At least two detailed and legible competitive bids based upon a work <br />specification prepared by the owner and approved by a participating financial <br />institution prior to approval will be submitted. <br /> <br />11 <br />16 <br /> <br />