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Agenda - Economic Development Authority - 09/17/2015
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Agenda - Economic Development Authority - 09/17/2015
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Last modified
3/18/2025 12:58:59 PM
Creation date
12/14/2015 9:26:34 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
09/17/2015
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AI applicants shali rneet at least one of the goais and related mpIementation strategies Iisted 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 rneet 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 Cty reserves the right to rejectany and all applications if t deems necessary. <br />The amount of funds that may be provided will be based on several factors including: <br />1. Project meetahousing priority. <br />I. Ability to meet the minirnum thresholds. <br />3. Priority scoring results and the overaU quality ofthe 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 />S. 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/ZQ14) <br />3 <br />
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