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41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />e� <br />51 <br />52 <br />53 <br />54 <br />55 <br />56 <br />57 <br />58 <br />59 <br />60 <br />61 <br />62 <br />63 <br />64 <br />65 <br />66 <br />67 <br />68 <br />69 <br />70 <br />71 <br />72 <br />73 <br />74 <br />75 <br />76 <br />77 <br />78 <br />79 <br />80 <br />81 <br />82 <br />83 <br />84 <br />85 <br />. Encoura�e improvements that provide additional investment into existin� <br />business real estate. <br />The �oals of the pro�rams are as follows: <br />• Create and retain permanent private-sector iobs in order to create above-avera�e <br />economic �rowth; <br />• Stimulate and/or levera�e private investment to ensure economic renewal and <br />competitiveness; <br />• Stabilize and increase the local tax base: <br />• Improve emplovment and economic o�portunitv for citizens in the re�ion to <br />create a reasonable standard of livin�: <br />• Improve the aesthetics of propertv that will help to maintain a positive balance <br />between the livin� and workin� environment of the communitv: <br />• Eliminate polluted soil areas; and <br />• Stimulate productivitv �rowth throu�h improved technolo�ies. <br />Section 2. Loan Policies Summary. <br />Roseville Small Business Revolving Loan Fund: <br />1. Loan Structure <br />. Each loan must be matched at least one for one by a bank loan with the City's <br />minimum loan amount of $2,500 and maximum loan amount of $25,000. <br />. The City's portion of the loan would be at 2% fixed interest rate. The <br />participating bank would be required to, at a minimum, match the City loan <br />amount at commercial lending rates not to exceed 2.5 percent above prime. <br />. The term of the City loan would be at the recommendation of the participating <br />bank and would not exceed 10 years. <br />2. Eli�ible Improvements <br />Repair storefronts, windows, doors, decorative applications, exterior finishes <br />and lighting. <br />Interior improvements that would result in the growth and expansion of the <br />business (tenant improvement would be evaluated on a case-by-case basis.) <br />New or upgraded landscaping, sidewalks and street trees. <br />RosevilleBusiness LoanPolicy <br />Page 2 <br />