D.C. Mun. Regs. tit. 5, r. 5-C2507

Current through Register 71, No. 45, November 7, 2024

Rule 5-C2507 - APPLICATION PROCEDURE

2507.1

In order to be eligible for a grant under the Program, an applicant shall file an application with two (2) additional copies of the application, with the DBFI for a grant under the Program.

2507.2

The application shall consist of the following information:

(a) A description of the grant requested from the Program, including the amount of credit enhancement being requested, a description of the structure or form of the credit enhancement being requested (i.e. collateral), and a description of the proposed use of the grant proceeds;

(b) The name of the applicant, including officers and key employees;

(c) Certification that the applicant is authorized by two or more public charter schools to act on their behalf in obtaining financing to cover the cost of an eligible project;

(d) The location of the project, including a description of the project's compliance with the zoning regulations of the District;

(e) Whether the project is located in a Neighborhood Target area as established by the Office of Planning;

(f) A description of the project (the description shall indicate whether the project constitutes the purchase, construction or renovation of school facilities, or a combination of some or all of these three (3) categories);

(g) The type of charter school(s) to be located in the project;

(h) The type of charter school(s) that will benefit as a result of the project;

(i) The following information for each charter school to be located in, or that will benefit as a result of, the project:

(1) The curriculum;

(2) The age and grade level of students to be served;

(3) The number of students to be served; and

(4) Special programs or activities that will be provided by the charter school(s) to be located in, or that will benefit as a result of, the project.

(j) A description of the financing of the project;

(k) The name of the financial institution(s) that has approved the project's financing as required by § 2505.2 of these regulations;

(l) A pro forma projection of the revenues and expenses of the project;

(m) A description of the timing and phasing of the project;

(n) An analysis demonstrating that the project cannot be financed without the requested grant; and

(o) Any other information required by the DBFI.

D.C. Mun. Regs. tit. 5, r. 5-C2507

Emergency Rulemaking published at 48 DCR 2951 (March 30, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 2951 (May 4, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 3899 (August 17, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 9630 (October 19, 2001)