1991-117-RES WHEREAS, funding is available through a special purpose grant to Ark-Tex Council of Governments

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Texas Department of Highways and the Texas Water Development Board, must be contacted prior to making application to EDIGP, in order to document what amount of funding can be provided through these other programs. If they are not contacted, or cannot meet the city/county requirements for funding, then documentation must be provided outlining why these sources of funding are unavailable. Beyond the five (5) percent required applicant injection, the city/county must try to fund this project, in whole or part, from their own resources or document why they are unable to do so. Where a business requires infrastructure improvements, such as expanded treatment facilities, the applicant can only request the EDIGP to fund the minimum additions or improvements to infrastructure specifically needed for that business. Other Restrictions No assistance will be provided for projects intended to facilitate the relocation of a private business from one area within Texas to another, unless there is no objection by the local government in which the business is presently located. ATCOG will only consider a project proposed by a city that is in the city's corporate limits or its extraterritorial jurisdiction; a project proposed by a county that is in the unincorporated area of the county; or, a project proposed by a county which may emcompass incorporated areas when documented support of the incorporated entity within the project area is provided with the application. ATCOG will not consider an application for funding if the business to be assisted has filed under the federal bankruptcy code and the matter is in the process of being adjudicated or if such business has been adjudicated bankrupt. Businesses claiming retained jobs as part of a proposal must provide documentation that the employees will be permanently laid off or the business will close down or relocate out of state if EDIGP funds are not made available. Overview of Aoolication. Review. and Selection Procedures The overall soundness of the proposed project will be a major factor in the selection process. A minimum of five oercent {5%l cash iniection oarticioation of the total oroiect costs bv the orincioals is reouired to aualifv for EDIGP. For the purposes of this program "principals" are the applicant or the specific business benefiting from the project. With the exception of proper documentation that the United States Economic Development Administration has invited a formal application for consideration for the same project, a firm financial commitment from all other funding sources will be required upon submission of the application. The .Other/EDIGP funds" ratio must not be less than 1 :1. New equity value (market value less debt outstanding) in fixed assets may be counted towards the match requirement on a case-by-case basis, but will be discounted as follows: real estate-25%; machinery/equipment-50%. For the above cash injections, other funds are defined as all other sources of funds for the project, with the exception of any other DHUD monies. DHUD money includes program income. Revenues from the sale of bonds may also be counted if the business is liable under the terms of the bond issue. Monies committed towards this project cannot be expended between the application date and the contract award date. 4