Section 5-C2507. APPLICATION PROCEDURE

 

2507.1In 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.

 

2507.2The 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.

 

source

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).