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116J.574 Grant applications.

Subdivision 1. Application required. To obtain a grant, a development authority shall apply to the commissioner.

Subd. 2. Required content. The commissioner shall prescribe and provide the application form. The application must include at least the following information:

(1) identification of the site;

(2) a detailed budget, including necessary supporting evidence, of the total costs for the site including the total eligible redevelopment costs;

(3) a complete redevelopment plan, including any specific commitments from third parties to construct improvements on the site;

(4) a complete financing plan, including the manner in which the development authority uses innovative financial partnerships between government, private for-profit, and nonprofit sectors; and

(5) any additional information or material that the commissioner prescribes.

HIST: 2002 c 393 s 50

Official Publication of the State of Minnesota
Revisor of Statutes