Applicants shall submit the following supporting documentation with their final grant application:
A financial plan that contains:
initial capital development costs and the method of financing those costs;
annual operating and maintenance costs, including disposal costs of residuals and anticipated equipment replacement costs;
projections of total facility costs and revenues over 20 years or for the term of the longest debt obligation, whichever is longer; and
total capital costs per ton of installed daily capacity.
A report demonstrating that the project is not financially prudent without state assistance, due to the applicant's financial capacity and the problems inherent in waste management in the area. The report shall include the following documentation:
capital financing alternatives and operational cost financing alternatives, both public and private, explored by the applicant for the project and reasons for selecting the proposed financing methods;
information on the applicant's financial situation including the applicant's current credit rating on general obligation bonds, the amount of general obligation bonds outstanding, general obligation debt divided by market valuation, and debt service levy divided by total levy. If the applicant has issued general obligation bonds in the past two years, the documentation must include the most recent general purpose financial statements, current year budgets, and official statement on bond issuance;
projected facility tipping fees, product revenues, and other project revenues, with and without agency assistance;
impact of proposed project on existing solid waste commitments, obligations and expenditures, and total current solid waste management costs on a per capita and per ton basis;
general information pertinent to a determination of the applicant's financial capacity, including such factors as location, population characteristics, employment base, and other characteristics;
transportation distances and estimated costs, both in waste collection and to markets for recovered resources;
waste supply characteristics;
availability of markets for recovered resources; and
other characteristics of waste management in the area that render agency assistance important to the financial feasibility of the project.
For each county affected by the project, a comprehensive solid waste management plan, developed under Minnesota Statutes, section 115A.46 and approved by the commissioner.
Preliminary design and engineering/architectural plans and equipment specifications of the proposed waste processing facility, and a description of the management and staffing plans for the proposed project.
Documentation explaining how waste supplies will be committed to the project for the life of the project and that the applicant has mechanisms to commit the wastes.
A market analysis of recovered materials/energy, including documentation of market commitments such as letters of intent or contracts.
A report on the status of required permits from permitting agencies.
A report on time frames of project development.
October 10, 2013
Copyright © 2013 by the Revisor of Statutes, State of Minnesota. All rights reserved.