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HomeMy WebLinkAboutC16-091 Community Development Block Grant Economic Development GrantEAGLECOUNIY OFFICE OF THE BOARD OF COMMISSIONERS 970-328-8605 FAX: 970-328-8629 eaqleadm in@eaqlecountv. us www.eaqlecountv.us March 29,2016 Robert Todd, Mgr. CDBG Business Program Colorado Offrce of Economic Development 1625 Broadway, Suite 2700 Denver, CO 80202 Re: Northwest Loan Fund Contract F16CDBl6602 Amendment Request Dear Mr. Todd: We request the following additiorVamendment to the contract above: $500,000.00 for Loans plus $ 80.000.00 Administrative Funds $580,000.00 Total To date, we have approved: $476,000.00 of $500,000.00 Open Contract Loan Funds $ 76,160.00 of $ 80,000.00 Open Contract Admin Funds We have additional requests for: Machine shop $ 30.000.00 Bike Shop acquisition $240,000.00 Bike shop inventory $ 40,000.00 JEANNE MCQUEENEY JILL H. RYAN KATHY CHANDLER-HENRY Medical related Auto repair $ 40,000.00 $ 20.000.00 Food $ 25,000.00 Non Profit Thdft $ 20.000.00 TOTAL $415,000.00 The loans that we have approved will create 18 (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 $580,000.00 shown above. Thank you, Eagle County Board of Commissioners Eagle County Building, 500 Broadway, P.0. Box 850, C16-091