D.C. Mun. Regs. tit. 10, r. 10-B6106

Current through Register Vol. 71, No. 36, September 6, 2024

Rule 10-B6106 - APPLICATION PROCESS

6106.1

Owners of proposed Retail Development Projects within a specified Retail Priority Area (Applicants) shall complete an Application (see Appendix 1).

6106.2

The Application shall include all exhibits and attachments specified in the Application to the extent applicable to the Retail Development Project.

6106.3

All Applications are to be submitted to DMPED postage prepaid by hand delivery (with signed receipt of delivery), by overnight mail requiring a signed receipt, or by United States Postal Service certified mail.

6106.4

Neither DMPED nor the Downtown Retail Committee has any obligation to review or consider for approval any Application that is not complete.

6106.5

(a) DMPED will review each Application and provide to the Downtown Retail Committee a preliminary scoring of such Application based on the Rating System (see Appendix 2) and indicate a recommended Bond Allocation Amount for each Retail Development Project.

(b) Following DMPED's preliminary scoring of the Application, DMPED will forward the Application, together with DMPED's recommendation for each Retail Development Project, including the score received and the recommended Bond Allocation Amount, and any comments, concerns or further recommendations with respect to such Retail Development Project, to the Downtown Retail Committee.

6106.6

Upon receipt by the Downtown Retail Committee from DMPED of an Application and the recommendations of DMPED, the Downtown Retail Committee shall review the Application and the recommendations of DMPED pursuant to Section 6103.5 and shall vote whether to recommend to the Mayor (i) the Retail Development Project in the Downtown Retail Priority Area for designation as a TIF Area and (ii) a Bond Allocation Amount with respect to such Retail Development Project. In reviewing the Application, the Downtown Retail Committee shall apply the Rating System and compute the Bond Allocation Amount. The Downtown Retail Committee shall have the right to accept, reject or revise any or all of the recommendations of DMPED.

6106.7

In the event that the Downtown Retail Committee votes to recommend to the Mayor (i) the Retail Development Project for designation as a TIF Area and (ii) a Bond Allocation Amount with respect to such Retail Development Project, the Downtown Retail Committee shall direct DMPED, subject to the Mayor's approval and certification of the Retail Development Project, to send a written Approval Letter to the Applicant indicating that such. Retail Development Project has been approved by the Mayor and stating the reserved Bond Allocation Amount that the Applicant shall receive, subject to the Applicant meeting all program criteria and all requirements necessary for issuance of the Bonds as set forth in the Development Agreement required by section 5(b)(5) of the Act.

D.C. Mun. Regs. tit. 10, r. 10-B6106

Final Rulemaking published at 51 DCR 9326 (October 1, 2004); as amended by Final Rulemaking published at 53 DCR 825 (February 10, 2006)