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EXHIBIT 3 <br />Eligible Participants <br />Any resident or business of the City of Santa Ana that purchases or leases a new or pre- <br />owned automobile or truck from the eligible dealership is eligible to receive the $500 <br />rebate. <br />o Qualified residents must be able to provide proof of Santa Ana residency to dealership <br />via a California Driver's license. <br />• Qualified businesses must provide proof of valid Santa Ana business license. <br />• Qualified residents and businesses must sign a Santa Ana Resident/Business Rebate <br />Form verifying residency and operation of business in Santa Ana. <br />• $500 rebate will be applied towards the agreed upon purchase/lease price in the final <br />sales contract. <br />■ Minimum used car purchase is subject to a final sales price of $15,000 (after all <br />manufacturer rebates and dealer incentives). <br />Qualifying Vehicles <br />All new purchases of new or pre -owned cars or trucks are eligible. <br />All new leases of a new or pre -owned cars or truck is eligible. <br />Motorcycles, off-road vehicles or watercraft are not eligible purchases under this <br />program. <br />Rebate Administration and Process <br />1. Participating dealers document the sale/lease of the new or pre -owned vehicle using <br />the Resident Rebate Form. Dealer must include: 1) final sales invoice showing <br />proof of purchase; 2) Resident Rebate Form 3) copy of valid resident <br />California Driver's license/Business License for full reimbursement. <br />2. On a monthly basis after the initial 90 date inception period (June 30, 2019), dealers <br />will submit all Resident Rebate Forms with required documentation to the City of <br />Santa Ana for reimbursement and processing. Purchase summary form must be <br />filled out and attached with rebate forms. <br />3. Within 30 days of receipt from dealerships, City will provide reimbursement to <br />dealers. <br />4. Dealers that reimburse a non -Santa Ana resident or non -Santa Ana business will not <br />be reimbursed from the City. <br />Dealer Responsibilities <br />■ Dealership franchises must be in good standing with their manufacturer. <br />■ Dealerships must promote the Resident Vehicle Incentive Program with a <br />minimum value of $25,000 annually in marketing efforts. <br />• Dealerships must collect and submit all required documentation as proof of <br />residency for qualified Santa Ana residents. <br />75B-16 <br />