My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2020-06-17 EDA Packet
Centerville
>
EDA
>
Agenda Packets
>
2020
>
2020-06-17 EDA Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/15/2020 7:29:30 AM
Creation date
6/15/2020 7:29:12 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
66
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Servicing of RLGP loans shall be administered by local banks and savings and loans which make <br />application to the EDA. All such institutions must be within 15 miles of the corporate limits of <br />the City. <br />Formatted: Indent: Left: 0", First line: 0", Tab stops: Not <br /> <br />at 0.38" <br />The RLGP will continue to operate as a public/private sector partnership. <br /> <br />The financial base of $50,000 for the public share of RLGP funds will come from Housing and <br />Redevelopment Authority funds, administered by Anoka County on behalf of the City. The fund <br />will be replenished by an annual contribution of $10,000 from HRA income and any be interest <br />and principal repayments resulting from outstanding the initial $50,000 of loans. <br /> <br />X. IMPROVEMENT REVIEW PROCESS <br /> <br />Prior to being given loan or grant approval, the applicant shall receive a positive <br />recommendation from the CVEDA. The EDA shall review proposed plans and the existing <br />exterior condition of the property being improved. The EDA shall base its recommendation <br />applicable, design guidelines. The applicant may appeal any recommendation of the EDA to the <br />City Council. In the event of limited funds, priority will be given to projects which score the <br /> <br />XI. CONTRACTING AND CONSTRUCTION <br /> <br />The applicant shall prepare or have prepared a detailed Scope of Work, which will also be the <br />participating financial institution (for loan projects). <br /> <br />The Scope of Work shall include: <br /> <br /> A detailed description of the work to be undertaken; <br /> Estimates of the quantity and materials to be used in the project; <br /> Qualified licensed contractor(s) <br /> <br />The cost of having the Scope of Work prepared shall be reimbursable to the applicant from the <br />loan or grant proceeds. No RLGP loan or grant will be approved until an adequate Scope of <br />Work/Bidding Document is submitted and approved by designated EDA staff. The applicant <br />must receive and submit at least two itemized competitive bids for all work to be completed and <br />materials to be purchased with the loan or grant funds. The bids will be reviewed and filed by <br />the city (grant program) or financial institution (loan program) to establish that they are <br />competitive and address the work identified in the Scope of Work. The city or financial <br />institution may waive the requirement for two competitive bids if it is impractical to obtain a <br />second bid. <br /> <br />The EDA, through the City Building Inspector, shall monitor the quality and progress of all work <br />funded through the Program. Request(s) for payment (up to three partial payments and one final <br />payment) by the applicant for completed work and supplied materials shall be in writing to the <br />financial institution (or city, for grant-only projects). Partial payments shall not exceed 90 <br />percent of the total project amount. The final payment shall be held until a certificate of <br />completion is obtained from the City and submitted to the financial institution. <br />5 <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.