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• Benefit a business located on property in Little Canada on which the business is <br />a conforming use or a legal non - conforming use under the City Zoning <br />Ordinance. <br />• Address all existing life /safety and zoning code violations that exist upon the <br />property at the time of the application. <br />B. Leveraging Private Investment <br />In order to receive consideration for a BRLF Loan, the applicant must maximize the use <br />of private lender financing. BRLF Loans must be matched on a 1 to 1 or greater ratio <br />by a private lender. <br />C. Contracting and Construction <br />All applicants shall provide the EDA with information on the "Loan Application" <br />detailing applicant's interest regarding rehabilitation of the building, giving permission <br />for pre - construction inspections and any other requested supplements necessary to <br />achieve the approval of the project. <br />A document (Scope of Work) must be submitted to the EDA and the bank detailing the <br />work to be performed, estimated cost, specifically detailing how the health and safety <br />work is to be satisfied and any other documentation necessary to achieve EDA approval <br />of the project. <br />Contractors and all Sub - contractors providing work under this program are to be <br />licensed and must meet the insurance and bonding requirements of the bank. The <br />contractor and /or sub - contractor is to be knowledgeable of and /or responsible for <br />quality and workmanship, conducting proper business practices, be financially capable <br />and demonstrate that they are an Equal Opportunity Employer. <br />The quality and progress of the work is to be monitored throughout the term of the <br />contract by the EDA and the general contractor. The participating lending institution <br />shall also have the right to monitor progress, subject to its discretion and lending <br />guidelines. <br />D. Maximum BRLF Loan <br />No BRLF Loan made by the EDA shall exceed $25,000. <br />E. Eligible Improvements <br />The goal of the BRLF is to enhance the appearance of businesses properties within the <br />City. The following improvements are eligible for funding, subject to the full, <br />discretionary approval of the EDA. <br />Exterior Improvements <br />• All work on the front and sides of business buildings facing public streets <br />• Cleaning, painting and staining of exterior surfaces <br />• Masonry repairs <br />3 <br />