Minnesota Administrative Rules

4900.3432 ELIGIBILITY.

Subpart 1.

Eligible applicants.

Only a city may be an eligible applicant.

Subp. 2.

Eligible uses of financial assistance.

A city may use the proceeds of the financial assistance for capital costs identified in the application.

Subp. 3.

Eligible applications.

The application for financial assistance shall, at a minimum, contain:

A.

evidence that the applicant is an eligible applicant;

B.

a comprehensive plan for the use of the financial assistance, including:

(1)

documentation of the need for the type of proposed activity, including information on the extent to which persons and families of low and moderate income will benefit;

(2)

a detailed description of all other financial resources available to the applicant to complete the activity, including those from other public or private sources; and

(3)

a timetable for the completion of the proposed activity;

C.

documentation of the applicant's ability to complete and maintain the property in accordance with its funded use for the period of time identified in the application;

D.

documentation sufficient to establish that the cost and quality of the proposed activity is reasonable;

E.

evidence of the intended use of a ground lease which meets the requirements of Minnesota Statutes, section 462A.31; and

F.

if the applicant intends to contract with an eligible nonprofit organization to develop or manage the property, a copy of the contract and evidence of the nonprofit organization's abilities and capacities to fulfill program requirements.

Statutory Authority:

MS s 462A.06

History:

18 SR 390

Published Electronically:

June 11, 2008