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HomeMy WebLinkAboutC15-018 Northwest Loan Fund Contract Amendment Request OFFICE OF THE BOARD OF COMMISSIONERS JILL 970-328-8605 +r► KATHY CHANDLER-HENRY RYAN JEANNE MCQUEENEY FAX:970-328-8629 eagleadm in(aeaglecounty.us www.eaglecounty.us EAGLE COUNTY January 20, 2015 Mr. Robert Todd, Mgr. CDBG Business Program Colorado Office of Economic Development 1625 Broadway, Suite 2700 Denver, CO 80202 Re: Northwest Loan Fund (Contract Fl 4CDB 13-589) Request for Amendment Dear Mr. Todd: We request the following addition/amendment to the contract above: $400,000.00 for Loans plus $ 64,000.00 Administrative Funds $464,000.00 Total To date, we have funded: $404,500.00 of$500,000.00 Open Contract Loan Funds $ 64,720.00 of$ 80,000.00 Open Contract Admin Funds We have approved/committed but not yet funded: $ 52,000.00 in Loans $ 8,320.00 in Administrative Funds We have additional requests for: Coffee shop $ 50,000.00 Machine shop $ 98,000.00 Spa $ 40,000.00 Web sales $ 20,000.00 Grill $ 40,000.00 Food growing $120,000.00 TOTAL $368,000.00 The loans that we have funded and committed will create 19 (or more)jobs. We are pleased that the funds under this contract have been of service to businesses in Northwest Colorado and request the additional funds of the $464,000.00 shown above. Thank you, Eagle Co B y Board of Co missioners Jill Ryan, Chairman Eagle County Building,500 Broadway, P.O. Box 850,Eagle,Colorado 81631-0850