Laserfiche WebLink
The loans will be secured by personal and corporate guarantees,and <br /> if applicable a lien on equipment financed and subordinate mortgage <br /> on the property. r astis ft_e tr-ftisfer-r-ftble. <br /> Installation must be certified through a licensed contractor and <br /> electrician.New construction is eligible when participating with a <br /> utility company rebate program. Eligible costs shall include only <br /> incremental costs over industry design standards. <br /> Eligible Uses: a.Energy efficiency measures installed in or on a building include: Formatted:Indent:Left: o",First line: o.s" <br /> a. Facility systems optimization(commissioning/re-commissioning <br /> b. Facility systems control improvements <br /> c. Process efficienc3r improvements (CenterPoint Energyl <br /> d. Lighting efficiency improvements <br /> e. Heating,ventilation and air conditioning system modifications <br /> f. Exterior envelope improvements <br /> V. Motor and pump efficienc,r� improvements <br /> h. Ground-source heat pump systems used to heat or cool a facility <br /> i. Installation of equipment or devices that use renewable energy <br /> sources to generate electricity or heat or cool a building including <br /> solar electriciL�:Whoto�voltaic).wind turbine or solar thermal. <br /> Ineligible Fund Uses: Formatted: No bullets or numbering <br /> a. Invento Formatted:Font:Century Schoolbook,Bold <br /> b. Refinancing of existing debt Formatted:Font:Century Schoolbook <br /> c. Working capital <br /> d. Expenditures for the construction and/or renovation of <br /> residential units <br /> Formatted:Indent:Left: 1.5", No bullets or <br /> numbering <br /> Formatted:Indent:Left: 0" <br /> lobs Incentive P*egramLoan <br /> Purpose: To assist existing businesses with expansion and attract new <br /> businesses to the City whose local operations will help expand the <br /> City's economy through job retention and creation and <br /> maintain/grow the City's tax base.The purpose of the Jobs Incentive <br /> Program is to encourage the creation of high paying and quality jobs <br /> to the city. <br /> Amount: Up to$200,000 of secondary financing not to exceed 20%of the <br /> total project cost. <br /> Equity: Must have private-sector commitments for 50%of the project cost. <br /> Borrower must provide 10%or more of project financing. <br /> Rate: Fixed at 2%. <br /> POwEREa R1' <br /> Page 11 of 29 NATURE <br />