Laserfiche WebLink
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. Each loan from the Program will be requested on an individual property and <br />will not exceed one-half the cost of the eligible building improvement or <br />$20,000, which is less. <br />2.It is understood that the loan from the Program is for contract construction <br />and is only for eligible expenses. 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 />16 <br /> <br />