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Agenda - Economic Development Authority - 03/09/2017
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Agenda - Economic Development Authority - 03/09/2017
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3/17/2025 2:14:17 PM
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Meetings
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Agenda
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Economic Development Authority
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03/09/2017
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preceding application are adequately and appropriately addressed. <br /> VIII. Administration. <br /> A. Loan review committee. The Ramsey EDA will serve as the loan review <br /> committee. The final determination on all revolving loan applications rests with <br /> the City Council. <br /> B. Conflict of Interest. All city officials and employees shall comply with the <br /> applicable conflict of interest regulations set forth in the City Code. <br /> C. Staff responsibility. Community development staff shall have the general <br /> responsibility for coordinating the application process, reviewing loan <br /> application, preparing applications and recommendations for review by the EDA, <br /> and coordinating the loan approval and service process as set forth in Subsections <br /> D -- G of this section. <br /> D. Pre-application process. All parties seeking revolving loan funds must file a pre- <br /> application. Pre-application forms may be obtained from the Community <br /> Development Department. <br /> 1. There will be a pre-application form that must be completed and submitted to <br /> the Community Development Department for review and approval. <br /> 2. The pre-application form will request information regarding the applicant, <br /> project scope, and project costs. <br /> 3. Upon Community Development Department approval, the applicant will be <br /> forwarded a revolving loan fund application. <br /> 4. Pre-application forms may be submitted on an open basis throughout the year. <br /> E. Application process. All parties seeking revolving loan funds must file an <br /> application. Application forms may be obtained from the Community <br /> Development Department. <br /> 1. Components of application. Only completed applications will be reviewed for <br /> consideration by community development staff. A completed application is <br /> one that satisfies the checklist provided below: <br />
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