2009 Rhode Island Code
Title 37 - Public Property and Works
CHAPTER 37-22 - The I-195 Redevelopment Act of 2002
§ 37-22-8 - Application process.

SECTION 37-22-8

   § 37-22-8  Application process. – (a) Persons may apply to the board for the development of privately-funded qualifying projects within the project area. All applications shall be accompanied by the following material and information, unless waived by the board, with respect to the project that the private entity proposes to operate as a qualifying project:

   (1) A topographic map (1:2,000 or other appropriate scale) indicating the location of the project;

   (2) Description of the project, including the conceptual design of the project;

   (3) A statement setting forth the specific improvements to public education, public services and infrastructure;

   (4) The projected total life-cycle cost of the project, tax payments, payments in lieu of taxes or including reimbursement for host public services and the proposed date for the beginning of and the planned completion date for the construction of, or improvements required by the project;

   (5) A statement setting forth the method by which the private entity proposes to finance, develop and operate the project;

   (6) A statement setting forth the private entity's general plans for financing and operating the project;

   (7) The names and addresses of the persons who may be contacted for further information concerning the request; and

   (8) Any additional material and information that the board may reasonably request.

   (b) The board may grant approval of a qualifying project and enter into a comprehensive agreement, if the board determines that it is consistent with the plan's principles for the expansion of institutional use and said project includes component(s) that improve public education, public services and infrastructure. The board shall also consider fair market value as defined in 23 U.S.C. section 156 and 23 CFR section 710.403. The director of the Rhode Island department of transportation as a member of the board shall issue a report to the board on this subject relative to each individual application.

   (c) The board may charge a reasonable fee to cover the costs of processing, reviewing and evaluating any application, including without limitation, reasonable attorneys' fees and fees for financial and other necessary advisors or consultants.

   (d) The board shall approve all comprehensive agreements with the private entities.

   (e) In connection with its approval, the board shall establish a date for the beginning of the qualifying project. The board may extend this date from time to time.