April 2005
 

To Businesses Interested in the Creston Commercial Property Loan Program:

We welcome your interest and participation in the Creston Commercial Property Loan application process.  This program is offered through the efforts of First Federal Savings Bank, First National Bank, Great Western Bank, Iowa State Savings Bank and State    Savings Bank.

This low interest loan program will provide financing for interior/exterior building improvements and/or landscape improvements.  These funds can be used to beautify businesses, thus increasing customer appeal.  Loan funds are not to be used to purchase equipment or for basic building infrastructure (furnace, roofs, mechanical systems, etc.).  All business renovation projects will be considered in the context of the whole project and be integral to the final results.

In order to facilitate your application, we require that the project activities and materials be itemized and be accompanied by cost estimates.  It is the responsibility of the applicant to make certain that all improvements conform to applicable city building codes.

The Design Committee will notify the applicant of its decision within 30 days of receipt of the application.  Each approved application will be forwarded to the lending institution.

Sincerely,
 
 
 

The Design Committee
 
 

Address________________________Lending Institution______________
        The undersigned, in executing the Application for the Creston Commercial Property Loan, hereby acknowledges that he/she understands that the decision as to the credit worthiness of the loan applicant is solely between the applicant & his/her financial institution.  The applicant further understands that the Design Committee appointed by the City of Creston, Iowa, will have the sole responsibility for determining whether the proposed project conforms to the established standards & requirements for building improvements within the City of Creston, Iowa.  The applicant hereby releases the City of Creston, Iowa, and/or the Design Committee pertaining to the feasibility of the applicant’s project & its conformity to the guidelines for participation in
the Creston Commercial Property Loan process.

_______________________________________             ____________________
Building Owner Signature                                                        Lease Holder Signature
 

ATTACHMENTS:  (must be included with the application)

     Cost Estimates for each phase

 Photos of existing building

 Sketch or Plan of new design

 TOTAL (ACTUAL OR ESTIMATED) COST OF PROJECT  $_____________

________________________________________________________________________
 
 

                                                            Date

Submitted to Design Committee     ___________

Approved by Design Committee     ___________

Approved by Lending Institution     ___________
 
 

Each application will be reviewed and the applicants will be notified of a decision by the Design Committee within 30 days.
 
 
 
 
 
 
 

Please check and complete as it applies to project.

 _____ Photograph (exterior)

 _____ Address & Phone of Applicant

_____________________________________________________________________________

 _____ Address of Business

____________________________________________________________________________

 _____ Intended Use
______________________________________________________________________________

 _____ Top View of Building & Layout

 _____     Front View of Building

 _____ Dimensions of Building

  Width __________ Height __________

 _____ Building Materials to be Used

_________________________________________________________

_________________________________________________________

__________________________________________________________

__________________________________________________________
 

_____ Color/Color Scheme

__________________________________________________________

__________________________________________________________

__________________________________________________________
 
 

_____ Landscaping Plans (If Applicable)

 _____ Lighting (If Applicable)

 _____ Request for design assistance
 
 

DETAILED DESCRIPTION OF IMPROVEMENTS:

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