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Connexus, CentexPoint) along with a letter indicatuig eligible utility rebates. <br />An Elk River Energy City Commission member will be asked to participate <br />in the EDA Finance Committee review and recoimnendation of the <br />application. <br />The loans will be secured by personal and corporate guarantees, and if <br />applicable a lien on equipment financed and subordinate mortgage on the <br />property. Installation must be certified through a licensed contractor and <br />electrician. <br />Loans less than X75,000 do not qualify as a "business subsidy" by state law <br />and are therefore exempt fiom state businesssiibsidy reporting requirements. <br />However, the EDA may track jobs retauied and created as a result of the <br />project <br />ID~Gcio Love Fund Policy & Giudelines Page 5 of 16 <br />Amended March 2011 DAAFI' <br />