EDA Packet 03.20.18 - Laserfiche WebLink

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iii. Opportunity for Business Diversity,. The application clearly demonstrates that the request could provide for different types of businesses to be located in the community thereby strengthening the diversity of the existing economy. [up to 10 Maximum Points] iv. Removes Blighted Properties. The application clearly demonstrates that the request will aid in removing blighted properties that may be hindering economic investment. [up to 10 Maximum Points] v. Economic Benefit. The application clearly demonstrates the potential future impact/benefit on the local economy, as measured through factors including but not limited to growth and/or projected growth in commercial and industrial value, property taxes, and/or the potential for new and/or retained livable wage jobs. [up to 40 Maximum Points] vi. Increased Leverage. The applicant provides local matching contributions in excess of the minimum requirements for the large pool grant and small pool request requirements. [up to 10 Maximum Points] b. Applications must be submitted electronically on the forms_orovided by the CDA and will be accepted on a pipeline basis beginning March 1, 2018. Applications must be submitted electronically (.pdf file preferred) by email to the CDA Economic Development Director. VIII. Grant Agreement: a. CDA staff will work with the Applicant and enter into a Grant Agreement. This agreement will detail the terms and conditions of the grant and allow for the release of funds to the grant recipient. b. The grant agreement will require funds to be spent no later than December 31, 2019. c. The Grant Agreement must be fully executed by both parties no later than December 31, 2018. d. Waivers and extensions to any provision in the agreement requested by the grantee will be considered on a case by case basis depending on the merits of the request. e. Grants will be paid on a reimbursement basis. Grantees will be required to submit quarterly/semi-annual progress reports to the CDA when requested.