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.- . Upgrade or replace Business Signage. . Parking lot redesign and repair. . Stonnwater improvements. . Upgrade facility to comply with American with Disabilities Act. . New equipment financing that would improve processes of the business. Minimum Requirements: . The participating bank would be required to service the City's portion of the loan at no cost to the City. . Signature of a Participation Agreement between the bank and the City is required (see attached). . Each loan shall only be approved after satisfactory recommendation by the participating bank and approval by the Roseville City Manager. . The total loan will require the personal guarantees of all the individuals who own more than 20 percent interest in the company. The City will take a subordinate position to the participating bank. . Participating bank is required to use all customary lending practices in determining eligibility for the loan to ensure repayment of the loan. The participating bank shall provide the City with a written recommendation on the loan amount requested prior to City approval. . Loan disbursements shall be the responsibility of the bank. The bank shall make payments to the City on their proportionate share of the loan once a month. Loan prepayments are accepted without penalty. The City shall receive their proportionate share of any prepayments. . All improvements must confonn to current zoning, City building codes and ordinances. Any outstanding taxes, assessments and fees must be made current prior to loan approval. . The City portion of the loan is not assumable upon the sale of the business. . A City application must be completed. In addition, a scope of work with construction bids must be submitted prior to the issuance of the loan. The City will conduct final inspections to ensure that the work was completed as noted in the application and scope of work. 2