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• Repairing or replacing of cornices, entrances, doors, windows, decorative <br />details and awnings <br />• Removal, repair or replacement of signs <br />• Roofing <br />• Handicap access (to meet code requirements) <br />• Streetscape costs not financed by special assessment <br />• Parking Lot Improvements, including lighting, landscaping, and blacktop <br />Interior Improvements <br />• Almost all fixed improvements including the repair and /or decoration of walls, <br />ceilings, floors, lighting, windows, doors, entrances, electrical, plumbing, <br />mechanical, air conditioning, architectural change, energy improvements, etc. <br />that are necessary to meet code requirements or ancillary thereto. <br />F. Ineligible Costs <br />The following costs are ineligible: <br />• Refinancing of existing debts <br />• Non -fixed improvements, equipment <br />• Working capital <br />• Inventory <br />• Sweat Equity (payment for the applicant's own labor and performance for <br />construction or improvements). <br />G. Improvements Completed Prior to Loan Closing <br />Such improvements are eligible if the following steps have been taken: <br />• Applicant must have already filled out a loan application with EDA prior to the <br />work proceeding. <br />• Applicant must have a commitment letter from his /her Bank and the EDA <br />confirming their financing and approval of the project. <br />• Final bids will be required to assess the total EDA portion of the loan. Closing <br />will not be set up until final bids have been received. <br />• Applicant must agree to include all Health and Safety items in work to be done. <br />If the above conditions have been met, the applicant may proceed using their own funds <br />or interim financing from a bank. However, this is done at the applicant's and /or bank's <br />own risk until the total scope of work has been approved by the EDA and the loan has <br />been closed. <br />H. Priority of Projects <br />In the event requests for BRLF funds exceed the amount that is available, first priority <br />shall be given to those projects that have the highest ratio of private to EDA dollars. <br />Second priority shall be given to those projects deemed to have the greatest <br />improvement in curb appeal as determined in the sole discretion of the committee. In <br />all of the priority categories, start up or expanding businesses locating in existing vacant <br />commercial /industrial space in the City of Little Canada shall be funded prior to those <br />not new or expanding. <br />4- <br />