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<regulation prefix="Regulation" num=".06" citation="COMAR 11.07.09.06" title_num="11" subtitle_num="07" chapter_num="09" heading="Proposal Requirements.">
  <paragraph num="A.">
    <text>The Authority shall accept unsolicited vehicle parking facility project proposals from government agencies, counties, municipalities, nonprofit organizations, and private entities that demonstrate the feasibility and demand for the facilities within priority funding areas.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Proposals to the Authority for vehicle parking facility projects shall include the following information:</text>
    <paragraph num="(1)">
      <text>A conceptual overview of the proposed vehicle parking facility project that details the need for the project and compliance with local and State land use, Smart Growth, and transportation planning objectives;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>An independent feasibility report that includes an analysis of market demand, operational and maintenance costs, and revenue estimates;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>An engineering analysis of the project, including architecture and design proposal, and construction costs and time frame;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>A financing plan that illustrates all sources of funding, including:</text>
      <paragraph num="(a)">
        <text>The extent of financial participation by the proposer and other entities as applicable;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The extent of the Authority's ownership interest in the vehicle parking facility;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Compensation for Authority administrative overhead costs; and</text>
      </paragraph>
      <paragraph num="(d)">
        <text>A revenue structure that supports all operating and maintenance costs and debt service;</text>
      </paragraph>
    </paragraph>
    <paragraph num="(5)">
      <text>Minority Business Enterprise participation plans, as applicable;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>A description of the operation, maintenance, enforcement, and security of the vehicle parking facility, provisions for project management during construction of the vehicle parking facility, provisions for audit of the vehicle parking facility revenues, and a plan for regular and ongoing reporting to the Authority on the vehicle parking facility project status;</text>
    </paragraph>
    <paragraph num="(7)">
      <text>A proposed schedule for financing and construction of the vehicle parking facility; and</text>
    </paragraph>
    <paragraph num="(8)">
      <text>Any other additional information, drawings, plans, reports, or estimates that the Authority requires.</text>
    </paragraph>
  </paragraph>
</regulation>