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COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY <br />2% BUSINESS REVOLVING LOAN FUND <br />"LOAN APPLICANT'S CERTIFICATION" <br />Updated 3 -1 -2002 <br />I, the undersigned, have read and understood the documents entitled "2% Loan Program <br />Guidelines & Requirements Summary", and accept the terms and conditions therein. <br />I fiirther understand that any inspection made by the City of Columbia Heights Economic <br />Development Authority (EDA) under this program is for purposes of determining the <br />applicant's eligibility under this program and it is not intended to represent or warrant the <br />condition of the premises. <br />I further understand that making application in no way insures approval of my loan or <br />guarantees funding. <br />I understand that "approval" means specific, written approval from both the Columbia <br />Heights Economic Development Authority and my bank. <br />I understand any work performed prior to this application and/or specific written approval <br />from both the Bank and Columbia Heights Economic Development Authority will be <br />considered ineligible. <br />In perfouuance of work financed by this loan, I will: require the Construction <br />Contractor(s) who construct the improvements to conform to all of the applicable local, <br />state and federal laws and meet the necessary insurance and bonding requirements <br />mandated by the Bank. <br />I (we) authorize the Columbia Heights Economic Development Authority to obtain credit <br />bureau reports and other information necessary to process this application. <br />I understand that should I move my business to a location outside of the City of Columbia <br />Heights the Columbia Heights Economic Development Authority loan will be due and <br />payable immediately upon relocation. <br />Signature of Applicant Date <br />- 1 4 - <br />