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Depending on the ownership of the property and JCF business, actual eligible costs may vary <br />and other requirements may apply: <br />• For businesses that have a related parent company that will own 100% of the <br />building, the business must provide a long-term lease in addition to other legal <br />documents noting the related relationship between the lessor and lessee. <br />• For businesses with lease to own agreements, the transfer of ownership to the JCF <br />business must occur within one (1) year following the issuance of the final certificate of <br />occupancy is obtained on the project. Situations that transfer ownership after this date <br />will be considered a lease scenario. <br />• For businesses leasing an entire building from an unrelated party, a copy of the <br />executed lease demonstrating the real property improvements associated with the <br />recipient's occupancy as a paid line item within the lease agreement. Only the real <br />property improvements paid by the JCF business within the JCF contract term will be <br />eligible for rebate. The building shell and external site improvements are not eligible. <br />• For businesses leasing a portion of a building from a related or unrelated party, a copy <br />of the executed lease demonstrating the real property improvements associated with <br />the recipient's occupancy as a line item within the lease agreement. Only the real <br />property improvements paid by the JCF business the JCF contract term will be eligible <br />for rebate. Common areas used by multiple tenants are ineligible for capital <br />investment rebate. <br />• For leasing scenarios, expenditures related to the JCF occupancy are eligible once they <br />are paid by the JCF business as an upfront expense or periodically through such <br />contractual documents as a lease. Any costs paid by the JCF business after the JCF term <br />is complete are ineligible for a rebate. <br />How to Document Capital Investment? <br />To access JCF capital investment benefits, the JCF business must submit the proper <br />documentation to DEED including the JCF Report Form and supporting documents. The <br />business must provide: <br />A. Sworn Construction Statement <br />B. Copies of invoices for "Eligible Soft Costs" <br />C. AIA Certificate of Substantial Completion (Form G704) <br />D. Certificate of Occupancy issued by the local municipality <br />E. Other documents may be necessary depending on the nature of the project and <br />documents submitted. <br />Adopted: April 17, 2015 <br />Page 1 2 <br />