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11-22-2010
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11-22-2010
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8/6/2018 8:30:12 AM
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8/6/2018 8:30:00 AM
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MV EDA
EDA Document Type
Council Packets
Date
11/22/2010
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<br /> <br /> <br />Demolition Home Loan <br />Page 3 of 3 <br /> <br /> <br /> <br /> <br />Disbursement Process: Loan funds will remain in escrow at GMHC until payment for <br />completed work. The following items must be received before the funds can be <br />released: <br /> 1. Final Invoice from each contractor showing all amounts paid and due. <br /> 2. Lien Waiver. Original from each contractor. <br /> 4. Completion Certificate signed by each contractor and the borrower. <br />5. Permits Closed. Have the inspector sign the permit card, or have the <br />inspector leave a message at the HRC (651) 228-1077. <br />6. Final Inspection and approval by the HRC. <br /> <br />It may take up to 10 business days after receipt of above items to prepare checks. <br />Payment checks to contractors must be countersigned by the borrower. Lien waivers <br />must be provided before the funds will be released. <br /> <br /> <br /> <br /> <br /> <br />
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