(c) An assessment of the anticipated costs for replacement, expansion or construction of public facilities, an identification of revenue sources available to meet these costs and recommendations for meeting costs required to implement the plan.

(2) A municipality is eligible to receive a loan if that municipality:

(a) Has adopted a comprehensive plan that is determined by the Department of Economic and Community Development Executive Department, State Planning Office to be consistent with section 4326, subsections 1 to 4; and.

(b) The request for a loan is part of a complete application for financial assistance that is filed on or before December 31, 1998.

Subject to the limitations of this subsection, 2 or more municipalities that each meet the requirements of subparagraphs (1) or (2) may jointly apply for assistance under this section.; and

E. In the case of a downtown improvement loan, the Department of Economic and Community Development affirms that the applicant has met the conditions of this paragraph.__ A municipality is eligible to receive a downtown improvement loan if that municipality has:

(1) Shown broad-based support for downtown revitalization;

(2) Established a comprehensive downtown revitalization work plan, including a definition and a map of the affected area;

(3) Developed measurable goals and objectives;

(4) Demonstrated an historic preservation ethic;