Title

SAC Small Business Deferral Program Application

Sections
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Business info
Property owner info
Address on SAC Letter
One file only.
50 MB limit.
Allowed types: jpg, png, pdf, doc, docx, zip.
Is the SAC determination for the business a minimum of two (2) and a maximum of ten (10) units prior to SAC credits?
Is the property located in Bloomington?
I understand the deferral term is 5 years.
I understand the interest rate is fixed at 2.06% (subject to change annually).
I understand a down payment and the first monthly payment, equal to 20% of the total fee for SAC after credits are applied, is due at the time of application.
I understand the property owner and/or business owner will be billed on a monthly basis.
I understand the property owner and/or business owner must complete an application and execute the Deferred Payment Agreement to be eligible for the program.
I understand that in the case of a business closure, the business or property owner must notify the city's Community Development Director. The City will verify the closure and future payment obligations will be waived.
I understand in the event of a default, any outstanding payments will be assessed to the property and the property owner waives the right to contest the assessment.
I understand that SAC credits are non transferable.
Demographic information

This section is voluntary and any information you provide us is private data.


 

Please select your race/ethnicity.
Are you of Hispanic, Latino, or Spanish origin?
Which best describes your gender?
I hereby certify the submitted statements are true to the best of my knowledge. I understand that any false statements may disqualify me or this business from the program.

Please take notice that any data received by the City as the result of submitting this form will be classified as government data pursuant to the Minnesota Government Data Practices Act, Minnesota Statutes Chapter 13. Under the Data Practices Act, some or all of this data is classified as public data, including your name, address, email address, phone number, and other personal information provided by you. Public data is available to anyone requesting it and consists of all data furnished via this Web form. Please be advised that the correspondence will be added to the public record. The purpose and intended use of the information collected through this form is to obtain public input and data in support of City activities and services. You have the right to refuse to submit this form. If you choose not to submit this form, you will need to contact the City by another means if you wish to provide the information collected by the form.

The City of Bloomington does not discriminate against or deny the benefits of its services, programs, or activities to a qualified person because of a disability. To make a request for a reasonable accommodation, ask for more information, or to file a complaint, contact the Community Outreach and Engagement Division, City of Bloomington, 1800 West Old Shakopee Road, Bloomington, MN 55431- 3027; 952-563-8733, MN Relay 711.

Contact Information

Contact Information

Building and Inspections Division

952-563-8930