Res 2002-217 - Laserfiche WebLink

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considered at the public hearing. A published newspaper article may also be used to meet this requirement so long as it meets all content and timing requirements. Notices will also be prominently posted at City Hall. (B) Each public hearing will be held at a time (after 5:00 p.m. on weekdays or on a Saturday and location convenient to potential or actual beneficiaries and will include accommodations for handicapped persons. In order to comply with the Americans with Disabilities Act, all notices of public hearings and open meetings will contain the following statement: "Individuals who require auxiliary aids and services for the meeting should contact name at phone # or Relay Texas at 1-800-735-2989 (TDD). (C) When a significant number of non-English speaking residents can be reasonably expected to participate in a public hearing, an interpreter will be present to accommodate the needs of non-English speaking residents. (3) The City will hold a public hearing concerning any substantial change proposed to be made in the use of RLF funds. (4) Upon completion of the RLF activities, the City may hold a public hearing and review its program performance including the actual use of CDBG funds. (5) The City will retain documentation of all of the hearing notice(s), a listing of persons attending the hearing(s), minutes of the hearing(s), and any other records concerning the actual use of funds for a period of three years [with the qualified exception of (1) referenced above] after the project is closed out. Such records will be made available to the public in accordance with Texas Civil Statutes, Article 6252-17a. Collateral - The City prefers to be fully-collateralized; however, where the City is not the major lender in the project a subordinate lien position will be considered, with regard to the Revolving Loan Fund. Construction/Handicap Access Requirement - Beginning in January, 1992, all buildings which are constructed or rehabilitated (regardless of whether the construction or the rehabilitation is funded by the RLF or by private funds) must comply with the Americans with Disabilities Act of 1990, which includes but is not limited to a specific requirement for handicap access. Contracts - Revolving Loan Funds are used to provide assistance to private for-profit businesses for job creation or retention projects. The contract between the City of San Marcos and the business (for a maximum time frame of three years except for the lease requirements which may be for a period of more than three years) is to insure a complete understanding of the planned development, the expected number of jobs to be created or retained, the sources and uses of all funds committed to the project, the financial and other reporting requirements of the business and the City, and all other obligations of the business, to the City. *Eligible Applicant - See page 2 for an explanation. *Eligible Uses of Funds - Revolving Loan Funds may be awarded to a private for-profit business for the following purposes: loans for the purchase of machinery and equipment; loans for working capital; interest free loans for the purchase of land and depreciable property; new construction; and rehabilitation of commercial or industrial facilities and grants for eligible infrastructure. Contact the City CDBG Coordinator for additional information. *Environmental Clearance - ALL executed RLF contracts require environmental clearance before ANY funds and costs, as outlined on the Sources and Uses of Funds Form, may be spent or incurred (with the qualified exception of general administrative, engineering or architectural costs). Contact the City for additional environmental review information.