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<br /> <br />17. Describe how demolition of the site will reduce blight and improve the property’s <br />economic vitality, functionality and aesthetics. <br /> <br /> <br /> <br />18. Describe how close the property is to existing sufficient public infrastructure. <br /> <br /> <br /> <br />21. Describe how the community is stabilized, health is improved or any environmental <br />benefits are achieved by the demolition of the site. <br /> <br /> <br />V. FINANCIAL INFORMATION <br /> <br />Historical Financial Statements: <br />22. Submit Financial statements should cover the past three <br />years. Financial Statements should include: Tax Returns, Balance Sheets, Income <br />Statements, and details on existing debt agreements. Credit report will be obtained by third <br />party reporting on all three credit bureaus. Statements of Changes in Financial Position, and <br />Notes to the Financial Statements. If these Financial Statements are not audited, they must <br />be signed and dated by an authorized officer of the owner. <br /> <br /> <br />23. The maximum term of the loan cannot exceed 15 years. <br /> What is your proposed term? _________________ <br /> <br /> <br />24. Are you issuing a note to repay the loan? _____________________________ <br /> <br /> <br />27. If you are issuing a note, what additional security will you be offering to secure the loan? <br /> <br /> <br />8 <br /> <br />