Laserfiche WebLink
X8962 <br />~k} The estimated amount of bonds to be <br />issued and an estimated allocation of the roceed <br />to costs, p s <br />~3} An application shall be accompanied b a fee <br />equal to one--twentieth of one y <br />tot percent ~l/20 of l~} of the <br />al proposed bond amount, with a minimum of $500 and a <br />maximum of $5,000, to cover the cast of review and r ' <br />of the application, p ocessing <br />~4} Submission of an application shall constitute a <br />covenant by the applicant that if the project is a roved as <br />an eligible pro ect the a pp <br />~ , ppllcant shall: <br />~a} Pay all costs incurred by the cit in <br />review and rocessin y <br />p g of the application and for <br />issuance of the bonds, including le al consult'n <br />accountin reimb g 1 g' <br />g, ursement for staff time and other <br />expenses; <br />fib} Comply with all applicable federal state <br />and city laws which concern the pro`ect and its <br />develo meat and ~ <br />P financing; and <br />4c} Permit the recording of such conditions <br />covenants and restrictions affecting the pro ert <br />upon which the ro'ect is p y <br />p ~ located as are required <br />by the city to insure that the project is devel- <br />oped, financed and maintained in compliance with <br />all requirements and conditions imposed b the cit <br />in grantin a royal o y y <br />g pp f the project. <br />2.1115 Housin Develo ment Pro'ects - Initial Rev' <br />iew and <br />Standards. <br />,~l} Upon receipt of an application, the committee <br />shall review the application to determine whether th ' <br />is to be recommended to the cou e project <br />ncil as an eligible project. <br />The committee shall hold public hearin s and receive <br />written testimon co ~ g oral and <br />y ncerning the project. In reaching its <br />determination, the committee may re wire such addi ' <br />information fr q t~anal <br />om the applicant as the committee deems <br />necessary. <br />~2} After reviewing an application, the committe <br />shall approve, approve with conditions e <br />or deny the applica- <br />tion. In making its determination, the committee <br />findln s that th shall make <br />g e project meets the standards described in <br />paragraph ~l} of section 2.1120 of this code and shall als <br />consider the factors described in ara o <br />2.1120 0 p graph ~2} of section <br />f this code. <br />2.1124 Housin Develo meat Pro'ects - Eli ibilit <br />Standards. <br />41} No project shall be approved as an eli ible <br />project by the committee or counci g <br />1 unless each of the <br />following standards have been met or will be met <br />dition to final a royal: as a precon~- <br />pp <br />-3- <br />