Fillable Sprinkler and Electrical Cost Assistance Program (City of Annapolis)

Fill Online, Printable, Fillable, Blank Sprinkler and Electrical Cost Assistance Program (City of Annapolis) Form

Use Fill to complete blank online CITY OF ANNAPOLIS (MD) pdf forms for free. Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable.

Sprinkler and Electrical Cost Assistance Program (City of Annapolis)

On average this form takes 29 minutes to complete

The Sprinkler and Electrical Cost Assistance Program (City of Annapolis) form is 9 pages long and contains:

  • 0 signatures
  • 10 check-boxes
  • 113 other fields

Country of origin: US
File type: PDF

U.S.A. forms for City of Annapolis

BROWSE CITY OF ANNAPOLIS (MD) FORMS

Related forms
Fill has a huge library of thousands of forms all set up to be filled in easily and signed.
Fill in your chosen form
Sign the form using our drawing tool
Send to someone else to fill in and sign.
find another form
 
Revised 05/03/2019
City of Annapolis
Finance Office
160 Duke of Gloucester Street
Annapolis, MD 21401-2517
Finance@annapolis.gov • 410-263-7952 • 410-263-7953 • Fax 410-263-7529 • TDD 410-263-7943 • www.annapolis.gov
Sprinkler and Electrical Cost Assistance Program
The City of Annapolis’ Sprinkler and Electrical Cost Assistance Program guidelines are outlined below under City Code
Section 17.20.160.
A. Purpose
The Director of Finance shall establish and maintain a Sprinkler Assistance Revolving Fund and an Electrical Assistance
Revolving Fund and necessary procedures for the purpose of encouraging the installation of sprinklers and upgrading of
electrical systems in older buildings so as to increase the safety of residents and to minimize damage resulting from fire and to
allow greater utilization of currently vacant or underutilized space. The Sprinkler Assistance Revolving Fund will operate by
making low cost loans to developers or property owners of older buildings that do not currently have sprinkler systems installed
at the time of application. The Electrical Assistance Revolving Fund will operate by making low cost loans to developers or
property owners of older buildings in the Historic District that do not currently have modern electrical systems installed at the
time of application.
B. Financing of revolving fund
Through the normal City budgeting and amendment process, funds are authorized to be allocated to the Assistance Revolving
Funds from the General Fund. Funds may be made available for eligible purposes during any budget year. As loans are repaid
back into the respective funds, those amounts become available for new loans. At no time may the total outstanding balance of
all loans exceed the total amounts made available in the budget process.
C. Interest rate
The interest rate to be charged to the borrower is to be one percent per annum unless otherwise established by resolution of
the City Council.
D. Eligibility
Loans may only be made to developers or owners for the rehabilitation of existing commercial or residential buildings. Further,
loans may only be made where such loans are part of a funding package that will result in the affected building being fully sprinkled
consistent with Chapter 17.20 and/or being fully brought into compliance with electrical requirements in Chapter 17.16. Loans
may not be made for new buildings. Eligible costs that may be funded with the loan proceeds are limited to the installation of
spriklers, including labor and materials, and hook-up to the City water supply for the Sprinkler Assistance Revolving Fund.
E. Loan approval
Applications that are complete and meet all appropriate requirements may be approved by the Director of Finance on a first
come, first served basis. If the loans requested in complete applications in hand exceed the amount available for new loans, the
applications shall be ranked by age of building, location of building, historical significance, and other relevant factors as
determined by the Director of Finance. A loan may be recalled by the Director of Finance if the Chief of the Fire Department
and/or the Director of Planning and Zoning find that any element of the rehabilitation of the building for which a sprinkler or
electrical loan is requested is not in compliance with applicable provisions of the City Code.
F. Loan disbursement
Upon issuance of the building permit by the Department of Planning and Zoning, the Director of Finance may disburse the funds
for the approved loan to the borrower. The borrower must request disbursement of the loan within one year of notification of loan
approval unless the Chief of the Fire Department and/or the Director of Planning and Zoning find that the delay in the borrower's
request for disbursement is not due to factors under the borrower's control.
G. Repayment
Repayment of the loan by the borrower will be made on a monthly basis according to terms and procedures established by the
Director of Finance. A loan period may not exceed five years from the date the funds are disbursed to the borrower. However,
if the property for which the loan is made is sold within the loan period, then the outstanding balance of the loan on the date of
sale must be repaid within thirty days. The amount of the outstanding balance of the loan shall be secured by a lien placed upon
the property and shall be collected and enforced in the same manner as real property taxes.
Application for
Sprinkler and Electrical Cost Assistance Program
The Sprinkler and Electrical Cost Assistance Program requires the following information (please attach as additional pages):
Description of the work to be done.
•
•
Bid estimate for the installation of a fire suppression system or electrical system that meets City code
requirements.
• Written consent from the property owner if the applicant is a tenant.
• Signed Consent Form (following application).
Name of Applicant:
Address of Property:
Contact Person:
Address of Contact Person:
Daytime phone number Fax number
Email address
Property Tax I.D.
Amount of request $
Status of property ownership (check one):
Sole Ownership
Corporation, Partnership or Trust
Lessee
City of Annapolis
Finance Office
160 Duke of Gloucester Street
Annapolis, MD 21401-2517
Finance@annapolis.gov • 410-263-7952 • 410-263-7953 • Fax 410-263-7529 • TDD 410-263-7943 • www.annapolis.gov
Revised 05/03/2019
Consent Form for
Sprinkler and Electrical Cost Assistance Program
Name of Applicant:
Address of Property:
Property Tax I.D.
I would like to participate in the City of Annapolis’ Sprinkler Cost Assistance Program and agree to adhere to the programs
guidelines as outlined below under City Code Section 17.20.160.
17.20.160 Sprinkler and Electrical Assistance Revolving Fund.
• A. Purpose. The Director of Finance shall establish and maintain a Sprinkler Assistance Revolving Fund and an
Electrical Assistance Revolving Fund and necessary procedures for the purpose of encouraging the installation of
sprinklers and upgrading of electrical systems in older buildings so as to increase the safety of residents and to
minimize damage resulting from fire and to allow greater utilization of currently vacant or underutilized space. The
Sprinkler Assistance Revolving Fund will operate by making low cost loans to developers or property owners of
older buildings that do not currently have sprinkler systems installed at the time of application. The Electrical
Assistance Revolving Fund will operate by making low cost loans to developers or property owners of older
buildings in the Historic District that do not currently have modern electrical systems installed at the time of
application.
• B. Financing of Revolving Fund. Through the normal City budgeting and amendment process, funds are authorized
to be allocated to the Assistance Revolving Funds from the General Fund. Funds may be made available for eligible
purposes during any budget year. As loans are repaid back into the respective funds, those amounts become
available for new loans. At no time may the total outstanding balance of all loans exceed the total amounts made
available in the budget process.
• C. Interest Rate. The interest rate to be charged to the borrower is to be one percent per annum unless otherwise
established by resolution of the City Council.
• D. Eligibility. Loans may only be made to developers or owners for the rehabilitation of existing commercial or
residential buildings. Further, loans may only be made where such loans are part of a funding package that will
result in the affected building being fully sprinkled consistent with Chapter 17.20 and/or being fully brought into
compliance with electrical requirements in Chapter 17.16 Loans may not be made for new buildings. Eligible costs
that may be funded with the loan proceeds are limited to the installation of electrical systems in the Historic District
for the Electrical Assistance Revolving Fund, and installation of sprinklers, including labor and materials, and hook-
up to the City water supply for the Sprinkler Assistance Revolving Fund.
• E. Loan Approval. Applications that are complete and meet all appropriate requirements may be approved by the
Director of Finance on a first come, first served basis. If the loans requested in complete applications in hand
exceed the amount available for new loans, the applications shall be ranked by age of building, location of building,
historical significance, and other relevant factors as determined by the Director of Finance. A loan may be recalled
City of Annapolis
Finance Office
160 Duke of Gloucester Street
Annapolis, MD 21401-2517
Finance@annapolis.gov • 410-263-7952 • 410-263-7953 • Fax 410-263-7529 • TDD 410-263-7943 • www.annapolis.gov
Revised 05/03/2019
by the Director of Finance if the Chief of the Fire Department and/or the Director of Planning and Zoning find that
any element of the rehabilitation of the building for which a sprinkler or electrical loan is requested is not in
compliance with applicable provisions of the City Code.
• F. Loan Disbursement. Upon issuance of the building permit by the Department of Planning and Zoning, the
Director of Finance may disburse the funds for the approved loan to the borrower. The borrower must request
disbursement of the loan within one year of notification of loan approval unless the Chief of the Fire Department
and/or the Director of Planning and Zoning find that the delay in the borrower's request for disbursement is not due
to factors under the borrower's control.
• G. Repayment. Repayment of the loan by the borrower will be made on a monthly basis according to terms and
procedures established by the Director of Finance. A loan period may not exceed five years from the date the funds
are disbursed to the borrower. However, if the property for which the loan is made is sold within the loan period,
then the outstanding balance of the loan on the date of sale must be repaid within thirty days. The amount of the
outstanding balance of the loan shall be secured by a lien placed upon the property and shall be col lected and
enforced in the same manner as real property taxes.
I understand that the proceeds issued under this program are to be used only at the above referenced property.
I certify that the information presented in this application and in all attachments are true and complete to the best of my
knowledge.
Name (print)
Signature Date
Revised 05/03/2019
Sprinkler and Electrical Loan Application
Borrower:
Name:
Address:
Phone (cell/home/work):
Name:
Address:
Phone (cell/home/work):
Loan:
Amount Sought:
Repayment Plan Sought:
The undersigned certifies that, to the best of his and/or her knowledge, information and belief, all of the
statements contained in this Sprinkler Loan Application and in any accompanying statements and documents is
true, complete, and correct. The undersigned authorizes the City of Annapolis to contact any banks, credit
reporting companies and all other persons and entities it deems necessary without further notice and without
further consent if necessary in the consideration of this Sprinkler Loan Application.
Applicant Name (print)
Applicant Signature Date
Applicant Name (print)
Applicant Signature Date
City of Annapolis
Finance Office
160 Duke of Gloucester Street
Annapolis, MD 21401-2517
Finance@annapolis.gov • 410-263-7952 • 410-263-7953 • Fax 410-263-7529 • TDD 410-263-7943 • www.annapolis.gov
Revised 05/03/2019
Business Loan Application
Date:
BUSINESS INFORMATION
Business Name:
Address:
Telephone Number: Tax I.D.:
Individual Name(s):
Address:
Telephone Number: Social Security #: Date of Birth #:
Proprietorship Partnership Sub-Chapter S
Non-Profit Corporation Individual
LLC
Ownership Distribution: (List stockholders, partners, owner names)
Note: Attach separate sheet if additional space is needed.
Name: Title: # of Years: % SS#:
Name: Title: # of Years: % SS#:
Name: Title: # of Years: % SS#:
Name: Title: # of Years: % SS#:
Name: Title: # of Years: % SS#:
Nature of Business: Year Established: Number of Employees:
Years at Present Location: Own Lease
Accountant: Telephone Number:
Insurance Agent: Telephone Number:
Attorney: Telephone Number:
City of Annapolis
Finance Office
160 Duke of Gloucester Street
Annapolis, MD 21401-2517
Finance@annapolis.gov • 410-263-7952 • 410-263-7953 • Fax 410-263-7529 • TDD 410-263-7943 • www.annapolis.gov
Revised 05/03/2019
LOAN REQUEST
Amount of Loan Requested:
Requested Term of Loan:
Specific Loan Purpose (Check all that apply)
Working Capital
Finance Purchase of Inventory
Finance Purchase of Equipment
Finance Purchase of Real Estate
Finance Purchase of Business
Refinance Existing Loan or Debts
Other (State type of loan required and loan purpose)
BUSINESS BACKGROUND INFORMATION
Please provide a brief history of your business, future plans and projections, and describe your products and/or services
and competition.
Revised 05/03/2019
PERSONAL BUSINESS EXPERIENCE
If you have been in your present business for under five years, please describe your previous business experience.
(Include business background, management experience, and training, or include a resume.)
MISCELLANEOUS INFORMATION
Are tax liabilities current? Yes No Settled through
Has the business or principal owner ever declared bankruptcy? Yes No
If yes, provide details on a separate sheet.
Is the business a defendant in any lawsuit? Yes No
If yes, provide details on a separate sheet.
Is the property encumbered by any liens or attachments of any type? Yes No
What By whom Amount $
What By whom Amount $
What By whom Amount $
CERTIFICATION
The undersigned certifies that, to the best of his or her knowledge and belief, all information contained in this loan
application and in the accompanying statements and documents is true, complete, and correct. The undersigned agrees to
notify the City immediately of any material changes in this information. It is further agreed that, whether or not the loan
herein applied for is approved, the undersigned will pay or reimburse the bank for the costs, if any, of surveys, title or
mortgage examinations, appraisals, etc., performed by non-City personnel with the consent of the applicant. The
undersigned authorizes the City to contact any bank and trade creditors it deems necessary without further notice,
including, but not limited to, Dunn & Bradstreet reports or information from Experian Credit Data.
Business Name (print):
Applicant Signature: Date
Applicant Title:
Revised 05/03/2019
BUSINESS LOAN APPLICATION CHECKLIST
Please be sure all of the following documentation has been included in order for your business
loan application to be processed.
Business Loan Application
Organizational Papers (Articles, dba papers, etc.)
Other:
Revised 05/03/2019
Download
Save PDF to desktop
Email
Email completed PDF
Send for Signing
Email for others to sign
Print
Print document
Choose a Field
Click on a field and
select the person that should complete it
Want to add a signature?
You can add a signature field
and assign it to someone else
to sign
Choose a Field
Click on a field and
select the person that should complete it

Sprinkler and Electrical Cost Assistance Program (City of Annapolis)

This document is locked as it has been sent for signing.

You have successfully completed this document.

Other parties need to complete fields in the document. You will recieve an email notification when the document has been completed by all parties.

This document has been signed by all parties.

Completed 12 January 2021

Message

View Audit Log
Print With Audit Log
Duplicate Document