870 R.I. Code R. 870-RICR-20-00-6.8

Current through December 3, 2024

Section 870-RICR-20-00-6.8 - Application Review

A. The Corporation shall conduct a review of the Applications received on a rolling basis, which may include periodic deadlines that will be published on the Corporation's web site from time to time, until such time as well as available funds under the Act have been committed, at which point the Corporation will cease reviewing Applications until such time as additional funding is available.

B. Each Application shall be reviewed to confirm compliance with the Act and these Rules, and the Corporation may reject any incomplete or deficient Application.

C. The Corporation may require the submission of additional information in connection with any Application or the revision of an Application, and may permit the resubmission of an Application rejected as being incomplete or deficient.

D. After submission of a complete Application and review by the Corporation in accordance with the requirements of the Act and these Rules, the Corporation will determine whether to recommend to the Board that it make an Award to the Applicant. Factors considered in formulation of the recommendation may include:

1. The economic conditions of the municipality where the Streetscape Improvement Project is located;

2. The economic benefits of the project;

3. Consistency with local and statewide planning;

4. Technical and financial feasibility of the project;

5. Level of the Committed Match;

6. Amount of the Committed Match allocated to direct construction costs, as opposed to soft costs;

7. Amount of the Committed Match, if any, coming from the municipality;

8. Firmness of the commitment of the funds constituting the Committed Match;

9. The capital efficiency of the project;

10. Project readiness;

11. Any benefits to public transportation and/or bicycle transportation;

12. Energy efficient of the project; and

13. Operational sustainability.

E. If the Corporation determines that it will not recommend a complete Application to the Board for approval, it shall notify the Applicant in writing of such decision.

870 R.I. Code R. 870-RICR-20-00-6.8

Amended effective 11/7/2022
Amended effective 1/3/2024