A. Any "qualifying entity" meeting the definition set forth in section 4.04.050 of this chapter may propose an economic development project to the Village. Meeting the definition of a "qualifying entity" does not create any obligation on the part of the Village of Hatch.
B. Applications shall contain the following information:
1. Identification information:
a. Complete name and address of entity.
2. Evidence of financial solvency may include:
a. Personal financial statement of principal owner(s).
b. Three (3) years tax returns.
c. Projected income statement for at least three (3) years.
d. Business plan for the entity.
3. The project participation agreement and any other pertinent information will be forwarded to the Governing Body for final consideration at a public meeting. (Ord. 403, 2019)
Notes
| 1 | 1. Dona Ana Community College will assist new businesses prepare projected financial statements at no fee. |