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ORDINANCE 85:63ORDINANCE AUTHORIZING CITY OF BLOOMINGTON TO ISSUE ITS “ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1985 (SUMMIT POINT ASSOCIATES PROJECT) AND APPROVING OTHER ACTIONS IN RESPECT THERETO
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How to fill out economic development revenue bonds
How to fill out economic development revenue bonds
01
Step 1: Research the economic development revenue bond program in your area to understand the eligibility requirements and application process.
02
Step 2: Gather all the necessary documents and information needed to fill out the bond application, such as financial statements, business plans, and project details.
03
Step 3: Begin filling out the application form carefully, following the instructions and providing accurate information.
04
Step 4: Attach all the required supporting documents to the application form.
05
Step 5: Review the completed application to ensure accuracy and completeness.
06
Step 6: Submit the filled out application along with the supporting documents to the appropriate authority.
07
Step 7: Follow up with the authority to track the progress of your application and provide any additional information if requested.
08
Step 8: Once approved, work with the authority to finalize the bond agreement and meet any conditions or requirements.
09
Step 9: Comply with all the terms and conditions outlined in the bond agreement and use the funds for approved economic development purposes.
10
Step 10: Maintain proper records and fulfill any reporting obligations as specified in the bond agreement.
Who needs economic development revenue bonds?
01
Economic development revenue bonds are typically needed by municipalities, local government agencies, or public-private partnerships engaged in economic development projects.
02
Businesses and organizations looking to finance capital projects that contribute to economic growth, job creation, infrastructure development, or community revitalization may also need economic development revenue bonds.
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Investors who are interested in investing in tax-free or tax-advantaged bonds issued for economic development purposes may also be potential beneficiaries of these bonds.
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What is economic development revenue bonds?
Economic development revenue bonds are debt securities issued by a government or a public authority to finance projects that are anticipated to enhance the economic development of a particular region or community. These bonds are typically secured by the revenue generated from the funded projects.
Who is required to file economic development revenue bonds?
Entities such as municipalities, government agencies, or authorities that issue economic development revenue bonds for the purpose of financing eligible projects are required to file these bonds.
How to fill out economic development revenue bonds?
Filling out economic development revenue bonds involves providing detailed information about the bond issue, including the purpose, terms, and conditions, as well as the issuer's financial information. It's important to comply with regulatory requirements and guidelines specified by the relevant authorities.
What is the purpose of economic development revenue bonds?
The primary purpose of economic development revenue bonds is to fund projects that stimulate economic activity, create jobs, and improve public infrastructure in a community or region.
What information must be reported on economic development revenue bonds?
Information that must be reported includes the amount of the bond issue, the purpose of the bond, terms and repayment details, revenue sources, and any associated risks.
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