Regulation .07 Applications and Processing.
Regulation .07 Applications and Processing.LinkCopy Citation
A.
Applications shall be made upon standard forms prescribed by the Department. Each application shall include sufficient information and documentation to determine the:
(1)
Type of project;
(2)
Cost of a project;
(3)
Support for a project by a local jurisdiction, the property owners and businesses in a business district, and the community surrounding a business district; and
(4)
Type and amount of the local contribution required under Regulation .06A of this chapter.
B.
The Department shall undertake a review of each application. The Department shall take the following factors into consideration in reviewing applications:
(1)
Cost of a project;
(2)
Relationship of a project to existing revitalization programs and plans in the local jurisdiction;
(3)
Support of a local jurisdiction for a project;
(4)
Support of the business district and the community surrounding a business district for a project;
(5)
Time frame for completion of a project;
(6)
Benefit of a project to the business district and the surrounding community; and
(7)
Other factors which the Department considers relevant.
C.
The Director shall recommend grants to the Secretary for approval.
D.
Upon the Secretary's approval of a grant, the Director is authorized to issue an award letter to the successful applicant setting forth the amount of the grant.
E.
The Department shall enter into a grant agreement with each successful applicant.