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The ongoing COVID-19 pandemic has required the State of Colorado to institute strict operating guidelines for restaurants and, in order to follow these guidelines, many restaurants will need to implement a variety of interior and exterior modifications to their facilities. Restaurants will also be required to implement strict cleaning and operating procedures as well as other measures to ensure the safety of customers. This loan program is designed to help Rifle restaurants offset the costs of meeting the new requirements.
1. Applicant must be a primarily dine-in restaurant located within Rifle city limits. Must have been in operation on March 1, 2020.
2. Applicant must use the funds for interior or exterior modifications or expenses related to the new COVID -19 operating guidelines issued by the State of Colorado.
3. Applicant must be in good standing with the City of Rifle.
4. Applicant must provide a detailed accounting of the modifications and/or expenses for which the loan will be used including estimated costs.
1. Grantee shall provide to RREDC receipts or other documents requested by RREDC to ensure that the funds are spent, or are used to reimburse expenses incurred, in accordance with and for the purposes authorized by the CARES Act.
2. The Grant must be fully utilized not later than December 15, 2020.
Maximum loan amount will be $5,000 based on documented need/approved uses of funds.
You may apply for additional funds. Any additional funds applied for are not guaranteed and cause must be shown as to why these funds should be granted.
There will be no fees or matching funds associated with the grant.
The Term of this Agreement shall be from the Effective Date until the RREDC has verified proper use of the Grant or December 31, 2020, whichever is sooner.
The Grant must be fully utilized not later than December 15, 2020. In the event Grantee fails to comply with all of these conditions, Grantee shall be required to return the entire Grant amount to the RREDC.
The grant is unsecured but will require unlimited authorization of any business owner with 20% or more ownership of the business.
Borrower may fully-draw the grant within 24 hours of closing.
Many businesses will also need to fill out the Planning Department's - Temporary Business Modifications forum, which you can download by clicking here
or going to:
If modifications have already begun please upload a digital copy of the receipts and/or invoices for which funds will be used.
I have read the program eligibility criteria for the City of Rifle COVID-19 Restaurant Modification Grant Program. I understand that loan awards will be determined at the discretion of the Rifle Regional Economic Development Corporation (RREDC) based on the program eligibility criteria and the responses provided in this Application. I understand that grant funds are limited, and that submitting an Application does not guarantee funds. I further understand the RREDC may terminate the program at any time, for any reason, without prior notification.
I certify that I am authorized to sign this Application as or on behalf of the Applicant. I agree to verify any of the information contained in this Application upon request by the RREDC. If selected to receive a grant, I agree to provide, by December 31, 2020, a receipts to the RREDC demonstrating how the loan funds were utilized. I understand that grant forgiveness in contingent upon providing this report. I agree that my business is fully responsible for determining and understanding the effect that my receipt of grant funds, if awarded, may have on any other applications for, my business’ eligibility for, or awards from, other economic aid or relief programs from any other entity whatsoever. I further agree that by submitting this Application, I and my business release and hold harmless the RREDC from any responsibility or liability for any effect the receipt of loan funds from the RREDC may have on such applications, eligibility, or awards from such other programs.
All Applications will become property of the RREDC, and all Applications are subject to the Colorado Open Records Act, C.R.S. § 24-72-200.1 et seq., provided that the RREDC will use its best efforts to maintain the confidentiality of any confidential financial information submitted, as permitted by law.
By signing below, I certify that all information in this application, and all information furnished in support of this application, is given for the purpose of obtaining a COVID-19 Restaurant Modification Grant and that the information provided is true, correct, and complete to the best of my knowledge.
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