Laserfiche WebLink
City of Lakewood <br />CPR Program Guidelines <br /> Page 3 <br /> <br />· List of business obligations <br />· If applicable, other lender commitment letter(s) <br /> <br />D) <br /> <br />n) <br /> <br />Participants must enter into a contractual agreement with the City regarding the project loan <br />and rebate. The contract will stipulate, among other 'things, that the City must be informed of <br />any and all design modifications, and that ongoing upkeep and maintenance be performed for a <br />five-year period. <br /> <br />Upon approval by the applicable City boards, contracts may be let for construction. Accepted <br />bids must be submitted to the City so that the loan and rebate amounts can be approximated. <br /> <br />Throughout the construction, City staffwill visit the site to observe that the work conforms to <br />the approved design. The job must conform to all applicable City of Lakewood building <br />codes. <br /> <br />Minor rebate application submitted alOng with a design proposal, including cost estimates. <br /> <br />Submit receipts and paid invoices along with supplemental wage reporting documents to the <br />City in order to receive rebate checks. <br /> <br />Rebates are calculated upon the following: <br />· Architectural Fees: Dollar for dollar up to a maximum of $1,600. <br />· Signage: Dollar for dollar up to a maximum of $1,500. <br /> (Rebates up to 100% of the cost not to exceed <br /> $1,500 will be paid for each street level business <br /> entity within a Storefront Project. However, the total <br /> signage rebate shall not exceed the sum of the tOtal <br /> exterior improvement expenditures). <br />· Exterior Accessibility Improvements: Dollar for dollar up to a maximum'orS3,000 for <br /> improvements designed to use best efforts to meet <br /> ADAAG guidelines. <br />· Electrical Code Improvements: Dollar for dollar up to a maximum of $5,000. <br /> <br />LOAN CLOSING <br /> <br />After loan approval, all legal documents are executed. The loan will be legally binding, certifying <br />the borrower's ability to borrow based on the terms and conditions of the lender. <br /> <br /> <br />