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Participating parties may apply for financing pursuant to this chapter by filing an application with the city in such form and with such person or office as shall be specified by the city manager. Applications shall set forth all information required to evaluate the financial reliability and stability of the participating party, the feasibility of the proposed rehabilitation, and to verify and assure that the property proposed to be rehabilitated constitutes a historical property within the meaning and purpose of this chapter. Among all other information, agreements and undertakings required by the city manager of the city to be contained therein, applications shall include an estimate of the maximum amount of bonds proposed to be issued, a description or itemization of the costs of the proposed rehabilitation, and an agreement to pay all administrative expenses incurred by the city for the proposed financing. (Ord. 2675 § II(3), 1981)