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5. Working capital (inventory and direct labor costs only). <br />LOCATION/TARGET AREA OF SERVICES <br />Within the 54 Dane Urban County participating communities. <br />TIME OF PERFORMANCE <br />Services provided under this Agreement shall be provided within the following time limits: <br />January 1, 2008 — December 31, 2009. The term of this Agreement and the provisions herein <br />shall be extended to cover any additional time period during which the Subrecipient remains in <br />control of CDBG funds or other CDBG assets. <br />PROJECT SCHEDULE/MILESTONES <br />Key Events <br />Date to be Completed <br />-County to award contract <br />October 2008 <br />-County processes signed contract <br />October/November 2008 <br />Process CRLF loan <br />December 2009 <br />PERFORMANCE INDICATOR (S) <br />The following levels of service will be provided: <br />Economic Development <br />Indicator Annual Goal Total <br />Number of full-time jobs created 2 2 <br />Number of businesses assisted 2 2 <br />PERSONS TO BE SERVED <br />Target Population <br />Dane County participating municipalities (not City of Madison), for and non-profit entities <br />seeking loans to meet one of the CRLF program goals. <br />Eligibility Guidelines <br />Dane County participating municipalities (not City of Madison) for and non-profit entities. <br />Minimum loan is $25,000. <br />A. Minimum Requirements <br />To be eligible for funding, a proposed project must meet all of the following <br />minimum requirements. <br />1. Private Funds Leveraged. The applicant must leverage a minimum of <br />one dollar ($1.00) of private funds for every one dollar ($1.00) of loan <br />funds requested. The Loan Review Committee may recommend higher <br />leverage. <br />2. Financial Feasibility and Business Viability. The applicant must <br />demonstrate that the proposed project is viable and the business will <br />have the economic ability to repay the funds. <br />3. Compliance with Applicable Laws. Applicants shall comply with all <br />applicable local, state, and federal codes. <br />37 <br />