(A) Applications for MVP grants must be made to the village through the Clerk-Treasurer on forms available from the Clerk-Treasurer. Upon receipt, the Clerk-Treasurer shall forward the application to the Mayor. Initial discussions between the Mayor and prospective applicants will be held in confidence. Should the applicant wish to proceed, the application and all pertinent information received from the applicant shall be forwarded to Council for consideration, at which time the application and the pertinent information received from the applicant shall then become public information. Concurrently with the submission of the application and pertinent information to Council, the Mayor shall direct the Village Solicitor to draft an MVP agreement and authorizing ordinance for Council consideration. The matter shall then be placed before the Finance Committee at its next meeting.
(B) An application fee of $250 shall be paid to the village upon submittal of an MVP application.
(C) The first year of the duration of the MVP agreement shall be the first full calendar year following the occupancy of the commercial building. The MVP agreement shall terminate on December 31 of the last year of the duration of the agreement.
(Ord. 50, passed 10-4-07; Am. Ord. 39, passed 5-7-08)