<div class="chunk-title">Sec. 42-187. - Eligibility requirements.</div>
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            <p class="incr0">
               (a)
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               Projects eligible for a loan utilizing the revolving loan program are limited to:
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               (1)
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            <p class="content2">
               Projects submitted through a government entity.
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               (2)
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               Projects within the county.
               </p>
            		
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               (b)
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               Projects having at least one of the following criteria:
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               (1)
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            <p class="content2">
               Associated with water and sewer line extensions for the purpose of offering utility
               service, which could include, but not limited to, storage or treatment facilities,
               but only if the storage or treatment facilities are identified as necessary to accommodate
               water and/or sewer needed in the county.
               </p>
            		
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               (2)
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               Constructed to stimulate economic development or accommodate industrial or commercial
               growth.
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               (3)
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               Addresses environmental needs such as the health and safety of the general public.
               </p>
            		
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               Projects submitted must be supported by information sufficient to allow for adequate
               evaluation of the project.
               </p>
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               (c)
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               Projects located outside the county are ineligible for a loan utilizing this program.
               </p>
            		
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               (d)
               </p>
            		
            <p class="content1">
               Project costs eligible for a loan utilizing this program are limited to:
               </p>
            		
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               (1)
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               The actual cost of design and construction of the work described in the project application;
               and
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               (2)
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            <p class="content2">
               Contingency costs, not to exceed ten percent of the eligible construction estimate;
               however, upon acceptance of a bid, the allowed contingency cost may be reduced to
               five percent. If the municipality determines upsizing of a line is necessary to accommodate
               future growth, the cost figures submitted must represent the larger line size.
               </p>
            		
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               (e)
               </p>
            		
            <p class="content1">
               Ineligible project costs include, but are not limited to:
               </p>
            		
            <p class="incr1">
               (1)
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               Administrative cost.
               </p>
            		
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               (2)
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               Recurring expenditures associated with operations and maintenance.
               </p>
            		
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               (3)
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               Portions funded through federal, state, and local grants.
               </p>
            		
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               (4)
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            <p class="content2">
               In-kind services rendered by the loan recipient.
               </p>
            		
            <p class="historynote0">
               (Ord. No. 2006-07, 6-15-2006; Ord. No. 2017-11, 9-18-2017; Ord. No. 2020-17, 10-19-2020)
               </p></div>