No preview available
HomeMy WebLinkAboutC24-378 DOLA_grant extension letterBoard of County Commissioners 970-328-8605 970-328-8629(f) eagleadmin@eaglecounty.us www.eaglecounty.us From: Eagle County Commissioners Matt Scherr,Chair,Board of County Commissioners To: Audrey Field,DOLA Financial Assistance Manager Audrey.field@state.co.us Re: Contract F20CDBG 20-630 Dear Ms.Field, We request that the above contract be extended to 3-31-2025. To date,with the funds under this Contract,we have loaned: $988,000.00 in CDBG Business Assistance and $1,738,611.80 in CV Business Assistance $1,645,732.00 (combined Business Assistance &Admin.)is available,at this date,under this contract. The approved funding amendments appear to be adequate for the foreseeable future.Should all of these become recommendable applicants,we will request additional funds. An inquiry sheet is completed on each caller.Statistics show that not everyone who is encouraged will do the work to apply. In August,applications have slowed.It is not known if this is due to people enjoying the last of summer or if it is due to interest rates and hope for lower rates to come.The following have been encouraged to apply since our last letter: Brewery expansion $250,000.CV Brewery expansion $400,000. Retail expansion $150,000. Waste &Recycle $300,000. Ax Throwing $50,000. If you have questions or comments,please contact Anita Cameron,Director –Northwest Loan Fund at 970-406-0025. Sincerely, Matt Scherr,Chair 500 Broadway,P.O.Box 850,Eagle,Colorado 81631 Docusign Envelope ID: 2D7F4153-6F25-4A37-B802-7BC95A2B53D2 Jeanne McQueeney, Vice Chair ____________ 9/10/2024