Res 2012-156 - Laserfiche WebLink

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REVOLVING LOAN FUND PROGRAM REQUIREMENTS The primary requirements for the RLF program are presented here in alphabetical order. The business should become familiar with the requirements (as they pertain to the proposed project). Accessibility Assistance: The City of San Marcos does not discriminate on the basis of disability in the admission or access to its services, programs, or activities. Individuals who require auxiliary aids and services should contact the City of San Marcos ADA Coordinator at 512 - 805 -2630 or 393 -8229 (TDD). Requests can also be sent by e-mail to cityhall __sanmarcostx.gov. The Municipal Building is ADA accessible and designated handicapped parking is available in the parking lot. Individuals with limited English proficiency may request assistance by contacting the City at 393 -8147. (Las personas con habilidad limitada del Ingles puede solicitar la asistencia poniendose en contacto con la Ciudad en 393 -8147. Amortization Requirements- The following terms are generally offered by the Revolving Loan Fund: (1) machinery and equipment financing 3 to 5 years or based on the useful remaining life of the asset; (2) working capital financing will be negotiated at the time of the award. Application Submittal Applications should be submitted to the office of Development Services, located on the second floor of the Municipal Building, 630 East Hopkins, San Marcos Texas 78666. The form of the application submittal shall be in conformance with the Application Checklist. Assurances — The applicant hereby assures and certifies, by the submission of an application, that it will comply with the regulations, policies, guidelines and requirements, including Office of Management and Budget Circulars Nos. A -87 and A -102, as they relate to the application, acceptance and use of federal funds for this federally assisted project. . Bankruptcy Filings- The City will not consider any application for funding in which the business to be assisted there under or its principals have filed under the Federal Bankruptcy Code, and the matter is in the process of being adjudicated or in which such business has been adjudicated bankrupt. Business — All RLF applications must support proposed activities of a business. The benefiting business is one that is proposing to create and /or retain jobs in the City of San Marcos. This may be a for - profit or a non - profit business. Non - profit businesses must have language in their corporate articles and /or by -laws that specifically authorizes them to engage in economic development activities. Governmental entities /units are not eligible and do not qualify as the benefiting business. Citizen Participation The City of San Marcos follows a detailed citizen participation plan that provides for and encourages citizen participation at all stages of the community development program. The Citizens Participation Plan is included and may be reviewed in the current CDBG Program Consolidated Plan. Copies may also be obtained from the Development Services — Planning office. 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. Conflict of Interest — Under the federal conflict of interest provisions at 24 CFR 570.489(h) that are included in the regulations governing state administration of Community Development Block Grant funds (24 CFR 470, Subpart 1), no persons who exercise or have exercised any function or responsibilities with respect to CDBG activities, or who are in a position to participate in a decision making process, or gain inside information regarding CDBG activities may obtain a financial interest or benefit from the activity, or have interest in any contract, subcontract, or agreement, or the proceeds thereunder, either for themselves or those with whom they 5