EDA Packet 03.20.18 - Laserfiche WebLink

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C. d. e. f. 9• ii. An analysis of how the proposed activities satisfy the criteria in Section VII, including an analysis of why the property is not likely to develop through the normal private sector development process without the requested CDA funding. iii. A sources and uses spreadsheet identifying the expenditures/uses anticipated, including the purpose of the requested funds, and identifying all sources of funds to pay for the proposed work, including the matching funds. It must be documented that the matching funds will be used for eligible activities. iv. A project timeline describing when the requested activities is proposed to occur, the timeline of subsequent activities including, the timeline of anticipated development and the expected type(s) of development. v. A description of how the development is consistent with policies and strategies of the local community comprehensive and/or other economic development plan. vi. A description of the benefits to the city and the county, including but not limited to, a description of total anticipated jobs, wages, the amount of new jobs, the level of private investment, the change in commercial and industrial market values, and anticipated indirect economic benefits. vii. A description of how anticipated development interacts with the local economy, existing businesses and suppliers and the accessibility to local talent), and whether the anticipated development diversifies the economic base of the community. viii. A description of the level of local commitment to the development of the property, including an explanation of previous or pending public meetings. Submission of a supporting resolution from the governing body of the jurisdiction (template provided below). The Washington County CDA reserves the right to award all or a portion of the funds requested. Applications will be accepted on a continual pipeline basis until all available funds have been exhausted. The general operating costs of an applicant may not be funded through this grant or be used to fulfil matching requirements. Two pools of funds are available: i. The "Small Pool' is for grants of less than $10,000 and is awarded by the Washington County CDA Economic Development Director. 1. The application will be reviewed and ranked in the order in which it was received. A minimum of 60 points must be scored in order to be funded from the Small Pool. ii. The "Large Pool' is for grants ranging from $10,000 to $40,000 and is awarded by the Washington County CDA Board of Commissioners. 1. The application will be reviewed and ranked in the order in which it was received. Applications for the Large Pool will be processed for the next available Board meeting. A minimum of 60 points must be scored in order to be funded from the Large Pool.