Section 865-RICR-10-00-1.7 - ApplicationA. An Applicant seeking I-195 Fund Financing for a Project must submit to the Commission and to the Executive Office of Commerce an application as described in the Developer's Toolkit. This requirement applies even if no part of the Applicant's Project is located on land within the jurisdiction of the Commission.B. Simultaneous with or after submission of an application as described in the Developer's Toolkit, an Applicant seeking I-195 Fund Financing must submit to the Commission and the Executive Office of Commerce a Request for Financing, in a form prescribed by the Commission. The Commission expects that the information submitted by an Applicant in a Request for Financing will meet the standards of a prudent equity investor or senior or junior creditor seeking such information.C. The Request for Financing shall contain the following information, in addition to any other information the Commission deems appropriate or necessary:1. the amount of I-195 Fund Financing requested, and the form (debt, equity, grant) in which the I-195 Fund Financing is sought;2. a schedule for the disbursement of the I-195 Fund Financing;3. a detailed description of the Project's financing including a sources and uses of funds;4. a list all federal, state, and local incentives, grants, tax credits or other aid (including a tax stabilization agreement with the City of Providence) that will or may be received or requested for the project, and the status of the application for each;5. a detailed line item breakdown of Project Cost;6. a demonstration that the Project satisfies at least one of the two purposes set forth in § 1.7(C)(6) of this Part, as more fully described below:a. for an Applicant proposing an anchor institution or other catalytic project component, the Applicant must provide:(1) a demonstration that the Project can be instrumental in achieving some or all of the economic development and quality of life goals for the I-195 Land that are set forth in Section 2 of the selection criteria contained in the Developer's Toolkit and (2) a statement of need demonstrating why I-195 Fund Financing in the amount sought is necessary to bring the Project to fruition; orb. for an Applicant seeking to fill a Project Financing Gap, the Applicant must provide:(1) a demonstration of the Project Financing Gap, which shall include, but is not limited to, the submission of Project pro forma, and(2) a certification from the Applicant's chief executive officer or equivalent officer that a Project Financing Gap exists on the Project.865 R.I. Code R. 865-RICR-10-00-1.7