Illinois Administrative Code
Title 14 - COMMERCE
Part 524 - RIVER EDGE REDEVELOPMENT ZONE PROGRAM
Subpart G - RIVER EDGE REDEVELOPMENT GRANT PROGRAM
Section 524.640 - Grant Application
Current through Register Vol. 48, No. 12, March 22, 2024
Applications for grants must include the following documentation:
a) Project Summary. A brief statement and description of the project for which funds are being sought.
b) Evidence of Need. A description of the conditions of the zone requiring action, such as absence of necessary infrastructure to support economic growth.
c) Background of Applicant. A brief discussion of the applicant's organization, purpose, history and capabilities to carry out the proposed project.
d) Project Description. A description of the proposed redevelopment project for which the grant would be used, including a project work statement detailing project objectives, work activities and deadlines as well as identification of the individuals or groups responsible for carrying out the project.
e) Project Results. Identification of the anticipated results of the proposed project in terms such as economic diversification, potential for creation or retention of jobs, or other public benefits.
f) Project Management. Identification and information on the staff and/or consultants to be involved in the proposed project, including qualifications and functional responsibilities.
g) Financial Statements. If necessary, financial statements of the applicant.
h) Coordination. Description of any cooperative working relationships that are or will be developed with other organizations involved in similar or related activities, and the relationship of the project to existing local, regional or State economic development plans.
i) Budget. A project budget by cost categories, including monthly projections of fund requirements, as required in the Department's application package.
