| | | (5) Established an ongoing board of directors, with | | associated committees; |
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| | | (6) Provided an adequate operating budget; |
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| | | (7) Hired a professional downtown manager; |
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| | | (8) Established an ongoing training program for staff | | and volunteers; |
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| | | (9) Developed the capacity to report on the progress of | | the downtown program; and |
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| | | (10) Established the ability and willingness to support | | integrated marketing efforts for retailers, services, | | activities and events. |
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| | | 4. Criteria; conditions for public service infrastructure | | grants and loans. The Department of Economic and Community | | Development, in conjunction with the bank, shall develop criteria | | and conditions for the award of public service infrastructure | | loans and grants to eligible municipalities after consultation | | with the Municipal Capital Investment Advisory Commission and | | subject to the requirements of this section. The department | | shall: |
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| | | A. Give priority to those municipalities that are | | experiencing rapid growth and possess a public service | | infrastructure inadequate to accommodate that growth; |
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| | | B. Establish a preference for those municipalities eligible | | under subsection 3, paragraph D, subparagraph (1) over those | | municipalities eligible under subsection 3, paragraph D, | | subparagraph (2); |
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| | | C. Establish a preference for those municipalities with | | higher local property tax burdens. The comparative local | | property tax burden must be determined under section 5681; |
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| | | D. Establish a preference for capital investment projects | | undertaken jointly by 2 or more municipalities or that | | provide substantial regional benefits; |
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| | | E. Adopt other criteria as it determines necessary to | | ensure that loans and grants made under this section | | maximize the ability of municipalities to accommodate | | planned growth and economic development; and |
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