Laserfiche WebLink
ELK RIVER <br />DEMOLITION LOAN <br /> <br />OTHER REQUIRED DOCUMENTS <br /> <br />The following documents must be submitted by the Applicant to the City of Elk River HRA before the <br />Applicant can receive final approval for the program and the Loan can be closed: <br /> <br /> <br /> <br />Applicants are encouraged to first consider the Elk River Fire Department's house burning/training <br />program demolition option. <br /> <br /> <br />Plans and Specifications for the New Home/Commercial Building that comply with all applicable City <br />ordinances, rules and regulations and is equal to or greater in square footage than the Current <br />Home/Commercial Building. <br /> <br /> <br />Construction Contract for the construction of the New Home/Commercial Building on the Property on <br />which the Owner intends to demolish the Current Building which shall include the cost of demolition of <br />the Current Home/Building. <br /> <br /> <br />Evidence that the Owner has sufficient funds to construct the New Home/Commercial Building <br />according to the Plans and Specifications and the Contract. <br /> <br /> <br />Evidence that the Owner has sufficient income to pay the first mortgage on the New Home/Commercial <br />Building and the Elk River HRA Mortgage. <br /> <br /> <br />Three demolition bids by contractor(s). <br />Contractor bids, proposals or estimates are the Applicant's responsibility. Applicant should call licensed <br />contractors and obtain written bids. The bids must be written by a licensed contractor and contain the <br />following items: <br />Contractor's name, address, license number, telephone number, and the date; Applicant's name <br />and project address; <br />Detailed description of the work to be done including brand names, quantities and all costs; <br />Contractor's signature; <br />A space for the Applicant's dated signature. Do not sign the bid until closing on the loan. <br /> <br /> <br />Contractor Acknowledgement (attached). <br />Each contractor Applicant intends to hire must fill out and sign the Contractor Acknowledgement. <br />Applicant does not need this form signed by the other contractors who only gave you bids but will not <br />be doing the work. <br /> <br /> <br /> <br />DELIVER COMPLETED DOCUMENTS TO: <br /> <br />City of Elk River HRA <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Phone: 763.635.1000 <br /> <br /> <br />181302v1 <br />2 <br />