Applications shall be made upon standard forms prescribed by the Department. Each application shall include sufficient information and documentation to determine the: Type of project; Cost of a project; 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 Type and amount of the local contribution required under Regulation .06A of this chapter. The Department shall undertake a review of each application. The Department shall take the following factors into consideration in reviewing applications: Cost of a project; Relationship of a project to existing revitalization programs and plans in the local jurisdiction; Support of a local jurisdiction for a project; Support of the business district and the community surrounding a business district for a project; Time frame for completion of a project; Benefit of a project to the business district and the surrounding community; and Other factors which the Department considers relevant. The Director shall recommend grants to the Secretary for approval. 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. The Department shall enter into a grant agreement with each successful applicant.