GRANT APPLICATIONS.

116J.574 GRANT APPLICATIONS. § Subdivision 1.Application required. To obtain a redevelopment grant, a development authority shall apply to the commissioner. The governing body of the municipality must approve the application by resolution. § 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 redevelopment plan for the site; (3) a detailed estimate, along with necessary supporting evidence, of the total redevelopment costs for the site; (4) an assessment of the development potential or likely use of the site after completion of the redevelopment plan, including any specific commitments from third parties to construct improvements on the site; (5) the manner in which the municipality will meet the local match requirement; and (6) any additional information or material the commissioner prescribes. History: 2002 c 393 s 50; 1Sp2005 c 1 art 4 s 18