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Agenda - Economic Development Authority - 06/04/2015
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Agenda - Economic Development Authority - 06/04/2015
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3/18/2025 12:55:52 PM
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8/19/2015 8:21:20 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
06/04/2015
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All applicants shall meet at least one of the goals and related implementation strategies listed below. <br />Please provide a check mark in the box and on a separate sheet provide a brief explanation as to how <br />the proposed project will meet the goal. <br />Priority scoring will be used to gauge the quality of the project and used to rank projects in the event of <br />multiple proposals. The City reserves the right to reject any and all applications if it deems necessary. <br />The amount of funds that may be provided will be based on several factors including: <br />1. Project meets a housing priority. <br />2. Ability to meet the minimum thresholds. <br />3. Priority scoring results and the overall quality of the proposed project. <br />4. Availability of funding. The City reserves the right to cap the maximum assistance given, if funds <br />are available. Grant funding will be based on the grant type and related funding. <br />5. Third party review. Assistance is subject to third —party financial analysis and a 'but -for' <br />analysis. Please contact City Staff for specifics on this analysis. Financial review is subject to look - <br />back provisions traditionally found in Tax Increment Finance (TIF) analysis. <br />Housing Assistance Policy Final Draft—Affordable (03/20/2014) <br />3 <br />
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