OAR 123-042-0072: Application Review and Award Selection

(1) The Authority will review all submitted applications to determine if they are complete, accompanied by all required supporting documentation, and satisfy all Program requirements. (2) Once the evaluation is complete, the Authority will approve or reject the application. The Authority will make Award decisions in a manner that maximizes the use of available resources applying prudent fiscal management of the Fund. (3) If an application is approved, the Authority will issue the Municipality a notice of intent to award which will detail the amount of the Award and any other information the Authority considers necessary, including any special conditions. (4) The Authority may offer an alternate mix or lower amount of assistance than requested, and recommend other sources of funds for all or part of a proposed Project. (5) After issuing a notice of intent to award, the Authority will begin negotiating a contract with the Municipality.