Section 089-815-5 - APPLICATION PROCEDUREApplicants are required to complete and submit the three part Historic Preservation Revolving Loan Fund Application with all checklist items in accordance with the application instructions.
1.PART 1A. Information and materials submitted with Part 1 of the Historic Preservation Revolving Loan Fund Application (Application) will be used as the basis for: (1) Evaluating the applicant organization's status as a QO; and (2) Determining whether the property proposed for acquisition is an EHP, as defined in Section 2; andB. Upon review of Part 1 of the Application, the Director will issue a written response stating whether the applicant's organization is a QO, and whether the subject property is an EHP. If the Director determines that the applicant organization is a QO, and the property is an EHP, the QO may proceed to Part 2 of the Historic Preservation Revolving Loan Fund Application. C. If the Director determines that the applicant is not a QO or the property is not an EHP, the applicant may appeal the determination to the Commission pursuant to Section 8.2.PART 2A. Information and materials submitted with Part 2 of the Historic Preservation Revolving Loan Fund Application will be used as the basis for evaluating the feasibility of acquiring and re-selling the EHP, and assessing the level to which the proposal meets the Evaluation Criteria in 5 MRSA §13056-F.5. B. Upon review of Part 2 of the Application, the Director will issue a written recommendation to the Commission for consideration at its next regularly scheduled quarterly meeting, at which time the Commission will either approve or reject the acquisition proposal. C. Approval of Part 2 of the Application authorizes the QO to submit documentation for payment of allowable costs associated with Part 2 and 3 of the application, up to but not exceeding $25,000.00.3.PART 3All of the items indicated under Part 3 of the Historic Preservation Revolving Loan Fund Application must be provided to the Director before any further payment from the Revolving Loan Fund will be made to the QO.
94-089 C.M.R. ch. 815, § 5