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Proposed Program Financial assistance will be offered to retail businesses that can demonstrate a loss of sales due to the construction of the Loop Trolley. The assistance is proposed in the form of a 3-year forgivable loan tobe used for basicbusiness expenses, including payroll, inventory, rent/mortgage, utilities, taxes, marketing, etc. It will be forgiven at a rate of 33% on the anniversary date of execution for each year the business remains on Delmar Boulevard. Otherwise, the balance of the loan will be payable upon the sale, abandonment or relocation of business from the Loop on Delmar Boulevard in University City. Eligible recipients would include for-profit small independent retail businesses or others on a case by case basis with no more than $2 million in annual gross sales that: Are independently owned (with four or fewer locations) o Are located on Delmar Boulevardin University City o Have been attheir current location for more than 3 years o Are focused on retail services: boutiques,galleries, etc. o Are current with all St. Louis County and City of University City taxes, fees and other o bills associated with the business and property. Can demonstrate a decline in revenue due to the construction of the Loop Trolley o Loans will be distributed on a first come first serve basis to eligible recipients until all of the funds run out. The maximum amount a business could receive is dependent upon percentof lost revenue, business size and model, but would not exceed $12,000. Loan amounts will vary per business.