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ern?OF <br /> • ©UNDO <br /> .0 <br /> .„. <br /> -0- <br /> ,9 lin, <br /> •A <br /> ...- <br /> 6s'ess • Partne <br /> I I <br /> , . <br /> > ,, % , • ', .i. —,k 1„ . tki ii, ,. Al , <br /> ''' ' ill V tg;' ilit:;ii i tdii i ilf VH ifililigt' l <br /> kfillii;3:d ' r A I ' 1 A r 1 r It <br /> p m <br /> tei <br /> PROGRAM PURPOSE QUALIFIED IMPROVEMENTS <br /> • The Mounds View Business • Repair storefront entrances, windows, <br /> Improvement Partnership Program was doors and other decorative applications <br /> established to partner with the local • Upgrade interior design and <br /> business community by providing 2% configuration to enhance business <br /> interest loans for exterior and interior <br /> •improvements. Paint, clean, or stain interior and <br /> exterior of building <br /> HOW THE PROGRAM WORKS • Upgrade or replace existing business <br /> • The Mounds View Economic sign <br /> Development Authority, in partnership • New or upgraded landscaping to <br /> with local banks, will provide improve appearance of facility <br /> improvement loans to existing Mounds <br /> • Parking View businesses at a minimum of ng lot reconfiguration or repair <br /> $10,000 and a maximum of $50,000. • Required storm water discharge <br /> The EDA participates in the program by improvements <br /> providing 1/2 the loan amount at a 2% • Upgrade facility to comply with <br /> interest rate <br /> American with Disabilities Act <br /> • Loan is non-assumable requirements <br /> • EUGIBILITY REQUIREMENTS HOW TO APPLY <br /> • Existing Mounds View business for two • Call Mounds View Economic <br /> years Development Coordinator Aaron <br /> • Qualified small business and credit Parrish at 763-717-4029 for an <br /> history application <br /> • Loan must be used to improve the • All applications must be approved by a <br /> anthe City of <br /> interior or exterior of existing facility participating bank d <br /> Mounds View Economic Development <br /> • Interior and exterior improvements must Authority <br /> conform to current zoning ordinances, <br /> building codes, and other applicable <br /> 4110 city ordinances <br /> • Owner or officer of the business must <br /> be loan applicant <br /> 1 <br />