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Current property owners and members of Main Street Greenwood, Inc., unable to sell or rehabilitate property within the Main Street Greenwood District will be eligible to submit an application to enter the Revolving Real Estate Program. Upon approval by the Main Street Greenwood Inc. Board of Directors, property will be donated to Main Street Greenwood, Inc. Upon receipt of property, Main Street Greenwood, Inc. will advertise the property for purchase bids. Main Street Greenwood reserves the right to reject any bid. Purchasers of the property must agree to ALL rehabilitation terms, covenants and agreements set by Main Street Greenwood, Inc. Funds received from the sale of the property will reimburse the organization for any advertising or marketing costs and then be placed in a Revolving Real Estate Fund to be used to continue this program. At the discretion of the board, funds may be used to purchase or rehabilitate other properties within the Main Street Greenwood District