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<br />DUSINfSS. ~Y IH[ BAY. <br /> <br />d. Applications receiving approval by the ~G~C shall commence construction described <br />in the application within ninety (90) days from the date the grant is approved. All <br />Applicants must complete the construction described in the Application within one (1) <br />year from the date the grant is approved. If the Applicant cannot meet these <br />timelines, the Applicant may submit a written request for an extension for the <br />commencement date or completion date provided the extension request is made <br />prior to the ninety (90) day or one (1) year time limit. The ~G~C shall not be obligated <br />to grant an extension but may do so for good cause determined solely by the <br />members of the Committee. The extensions, if granted, shall be for the term and for <br />the conditions determined exclusively by the ~G~C. An extension denial cannot be <br />appealed and shall be final. <br />e. As a condition of this grant Application, the Applicant consents and shall allow the <br />~G~C to request city inspections to determine that the grant. if awarded, will not be <br />used for construction on any building that is not in compliance with the City Municipal <br />Codes and Ordinances that are applicable to the construction contemplated in the <br />application. <br />f. The ~G~C and ~DC shall have sole discretion in awarding grants. They shall award <br />grants considering the amount requested. grant funds available, the guidelines of the <br />grant program, condition of the building in which the grant funds will be used, <br />economic impact, other grant requests, the type and nature of the construction, and <br />the proposed construction results considering the grant program. <br />g. No Applicant has a proprietary right to receive grant funds. The ~G~C shall consider <br />any application within its discretionary authority to determine what grant amount <br />would be in the best interest of the grant program. <br />h. The Applicant shall be required to furnish photographs of the building's exterior, and <br />any other site locations that are included as part of the application request and shall <br />provide photographs after the construction is completed as a condition of final grant <br />disbursement. <br />I. The EGEC has the final discretion with regard to funding and reserves the right to <br />recommend modifications or reject any project or elements of any project. <br />5. Reimbursement. When the entire grant project has been satisfactorily completed, the <br />Applicant shall present the ~conomic Development Office with the following: <br />a. Copies of all paid invoices, including copies of cancelled checks and/or credit card <br />receipts for a single payment reimbursement of the approved funding <br />b. Photographs of all completed work <br />6. When the project has been reviewed and signed off by the ~G~C and their recommendations <br />have been presented and approved by the EDC, a reimbursement check will be issued. <br /> <br />ENHANCEMENT GRANT <br />PROGRAM DESCRIPTIION, PAGE 3 <br />