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10. FORM OF APPLICATION <br />The application shall be made on forms approved by the EDA and participating lenders, <br />shall include information detailing the applicant's interest in restoring or maintaining the <br />subject property and shall give permission for pre- inspection of the property. The <br />application shall contain a proposal outlining the scope of work, which shall detail the work <br />to be performed, estimated cost, completion date, amount of funds sought for eligible work, <br />as well as any other documentation necessary to achieve any required building permit. <br />Proposed contractors and subcontractors, who must be licensed and meet insurance and <br />bonding requirements of the participating lenders, shall be identified. <br />Approved by: <br />Basic Policy: <br />1st Amendment: <br />H:ABRLPAPlan <br />EDA /City Council BRLF Loan Committee <br />7 <br />