This application, if approved, shall be between the Owner(s) listed above and the Chamber. To be eligible for a $10,000 grant, the Owner(s) certifies that the property listed in the application is a single-family residence, is a new construction project (not simply a remodel or an addition) started after 6/1/21 that has a building permit after 6/1/21, has a construction value and selling price greater than $180,000, will be their primary residence and they will occupy the property no later than 60 days after closing. The Owner agrees to provide all information requested by the Chamber to verify ownership and any other necessary information regarding a potentially eligible property under the Chamber’s New Home Grant Program.
Under the Chamber’s sole discretion, the Chamber will decide if the owner(s) is eligible and approved for the $10,000 grant under this program. If the Chamber approves this application, the Owner(s) can elect to receive the payment at closing, but the Owner is required to provide accurate and timely information to the Chamber in order to ensure the payment can be processed in a timely manner. If the Owner(s) elects not to have the funds paid at closing, the Owner(s) must present this application to the Chamber no later than sixty (60) days following the date of closing or change of ownership per the Marshall County Assessor in order to receive the grant.
The Owner(s) agrees not to apply for the City of Marshalltown tax abatement for a new construction residential property and waives their right to the City of Marshalltown tax abatement incentives by accepting the $10,000 payment from the Chamber.
Owner(s) shall defend, indemnify and hold harmless the Chamber, Protected Parties, board members of grantor, employees of Chamber, volunteers for Chamber and other agents of Chamber (the “Protected Parties”) from and against any and all claims (and all related liabilities, costs, and attorneys’ fees) arising from the grant. The Owner(s)’s obligation to indemnify and hold harmless the Chamber, Protected Parties, board members of the Chamber, employees of the Chamber, volunteers for the Chamber and other agents of the Chamber, shall survive the expiration or termination of this Grant or the use of the Grant funds.
Owner(s) shall have no right to file any claim, dispute, or any type of legal action against the Chamber or any other party under this Application. The obligations of the Chamber under this Application are not intended to and shall not be personally binding on, nor shall any resort be had to the private properties of any Protected Parties, board members of the Chamber, employees of the Chamber, volunteers for the Chamber, or other agents of the Chamber.