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12.02 Business Development Public Infrastructure (BDPI) Resolution
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06-02-2020 City Council Meeting
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12.02 Business Development Public Infrastructure (BDPI) Resolution
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Business Development Public Infrastructure (BDPI) <br /> Application <br /> Project Summary <br /> Provide a brief Project Summary that, at a minimum, includes answers to these questions. Please keep <br /> your summary divided by the questions provided. <br /> • Briefly describe the proposed project and justification for the need for funding. Please indicate <br /> how your project meets program purpose and eligibility requirements. <br /> • Will the applicant own and maintain the public infrastructure? If not, explain. <br /> • Does the applicant have site control of the Public infrastructure project area?If not,explain. <br /> • Has the project been awarded to a contractor or started construction? If yes, explain. <br /> • The BDPI portion of the project cannot be assessed.Will the project be assessed? If portions of <br /> the project not being paid for by BDPI funding are being assessed, please explain the structure <br /> of those assessments. <br /> • Describe the status of permitting necessary for the project being secured. Include permit <br /> expectations and timeframes for approval. <br /> Capital Investment and Economic Development <br /> Part 1 <br /> For this section please remember"Eligible project" includes buildings and equipment for business(es), <br /> not just the"Public infrastructure" project. <br /> • How much private capital investment is committed to the Eligible project? Please provide a brief <br /> explanation. <br /> • How much public capital investment is committed to the Eligible project?Please provide a brief <br /> explanation. <br /> Complete Table A and provide documentation of committed capital. <br /> TABLE A—Immediate Committed Capital Investment <br /> Sources Public It�fraastructure Other Capital Investments TOTAi.�` <br /> Committed Private Capital <br /> Committed Public Capital <br /> TOTALS <br /> • How much private capital investment is expected to be attracted to the Eligible project within 5 <br /> years of grant closeout? Please provide brief explanation. <br /> • How much public capital investment is expected to be attracted to the Eligible project within 5 <br /> years of grant closeout?Please provide brief explanation. <br /> Complete Table B and provide detail and timing of projected capital investment. <br /> TABLE B—Expected 5 Year Capital Investment <br /> Sources 'Pubik Infrastructure Other Capital Investmer�ts 70Tat;5 <br /> Committed Private Capital <br /> Committed Public Capital <br /> TOTALS <br /> Part 2 <br /> • What is the current taxable value of the area proposed for development? <br /> • What is the expected taxable value of the Project with committed business(es)? <br /> • What is the expected taxable value of the project 5 years after grant closeout? <br /> 6 <br />
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