12-12-16 Meeting of the La Porte Development Corporation Board of Directors

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BUSINESS. BY THE BAY. and which contain all information requested in the application and/or by the committee. c. All itemized work estimates submitted by the Applicant must be dated no earlier than ninety (90) days prior to the Application request. Bids shall be submitted on the contracs or project architecs letterhead and shall contain the contracs name, address, and telephone number and shall itemize the bid in a manner that allows the LPDC to determine the bid components and authenticity of the bid. d. Applications receiving approval by the LPDC shall commence construction described in the application within ninety (90) days from the date that the enhancement grant is approved. Each Applicant must complete the construction described in the Application within one (1) year from the date that the grant is approved. If the Applicant cannot meet this timeline, then the Applicant may submit a written request for an extension of the commencement date or completion date provided the extension request is made prior to the ninety (90) day or one (1) year time limit. The LPDC shall not be obligated to grant an extension, but it may do so for good cause determined solely by the members of the Committee. The extensions, if granted, shall be for the term and for the conditions determined exclusively by the LPDC. Denial of an extension request may not be appealed. e. As a condition of this grant Application, the Applicant consents, and shall allow, the LPDC to request city inspections to determine that the grant, if awarded, will not be used for construction on any building that is not in compliance with the City Municipal Codes and Ordinances that are applicable to the construction contemplated in the application. f. The LPDC shall have sole discretion in awarding grants. They shall award grants considering the amount requested, grant funds available, the guidelines of the grant program, condition of the building in which the grant funds will be used, economic impact, other grant requests, the type and nature of the construction, and the proposed construction results considering the grant program. g. No Applicant has a proprietary right to receive grant funds. The LPDC shall consider any application within its discretionary authority to determine what grant amount would be in the best interest of the grant program. h. The Applicant shall be required to furnish bef photographs of the buildings exterior, and any other site locations that are included as part of the application request. The applicant shall also provide fte photographs once the construction has been completed, as a condition of final grant disbursement. i. The LPDC has the final discretion with regard to funding and reserves the right to recommend modifications or reject any project or elements of any project. 5. Reimbursement. When the entire enhancement grant project has been completed, the Applicant shall present the Economic Development Office with the following: LA PORTE ENHANCEMENT GRANT PROGRAM PAGE 5, Revised 1/26/16