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Description of Municipal Redevelopment Fund with Attachments <br />All project funding support requires recommendation of the Cuyahoga County <br />Community Improvement Corporation/Loan Committee and final approval by the <br />Cuyahoga County Board of Commissioners. <br />Disbursement of Funds: <br />The disbursement process will be outlined in the loan documents. The borrower must <br />submit invoices to the CRF program staff for the work for which financing assistance <br />has been approved prior to the disbursement of any loan funds. A performance <br />holdback may be required to ensure that the project is fully completed according to <br />established standards. <br />Additional Subsidy For Green/Sustainable: <br />If the project obtains LEED Certification or obtains at least two (2) green/sustainable <br />initiatives from ATTACHMENT C, an additional five percent (5%) of loan forgiveness <br />may be allowed by the County. The applicant must identify in the loan application the <br />intent to seek the additional forgiveness. The borrower must meet the terms outlined in <br />the loan documents, including submission of LEED certification or contractor or <br />engineer certification of two initiatives completed at the project. County staff will verify <br />completion before forgiveness can be approved. <br />EXHIBIT A <br />Page 3 of 8 <br />