1. Applications for assistance for river enhancement community attraction and tourism projects shall be submitted to the authority. For those applications that meet the eligibility criteria, the authority shall provide a staff review analysis and evaluation to the vision Iowa program review committee referred to in section 15F.304, subsection 2, and the board.

Terms Used In Iowa Code 15F.206

  • Applicant: means a person authorized to regularly lend moneys to be secured by a mortgage on real property in this state, a licensed real estate broker, a licensed attorney, a participating abstractor, or a licensed closing agent. See Iowa Code 16.92
  • Authority: means the economic development authority created in section 15. See Iowa Code 15F.101
  • Board: means the enhance Iowa board as created in section 15F. See Iowa Code 15F.101
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
 2. When reviewing the applications, the vision Iowa program review committee and the authority shall consider, at a minimum, all of the following:

 a. Whether the wages, benefits, including health benefits, safety, and other attributes of the project would improve the quality of life or the quality of attraction or tourism employment in the community.
 b. The extent to which such a project would generate additional recreational and cultural attractions or tourism opportunities.
 c. The ability of the project to produce a long-term, tax-generating economic impact.
 d. The location of the projects and geographic diversity of the applications.
 e. The project is primarily a vertical infrastructure project with demonstrated substantial regional or statewide economic impact. For purposes of the program, “vertical infrastructure” means land acquisition and construction, major renovation and major repair of buildings, all appurtenant structures, utilities, site development, and recreational trails and water trails. “Vertical infrastructure” does not include routine, recurring maintenance, or operational expenses or leasing of a building, appurtenant structure, or utility without a lease-purchase agreement.
 f. Whether the applicant has received financial assistance under the program for the same project.
 g. The extent to which the project has taken the following planning principles into consideration:

 (1) Efficient and effective use of land resources and existing infrastructure by encouraging development in areas with existing infrastructure or capacity to avoid costly duplication of services and costly use of land.
 (2) Provision for a variety of transportation choices, including pedestrian traffic.
 (3) Maintenance of a unique sense of place by respecting local cultural and natural environmental features.
 (4) Conservation of open space and farmland and preservation of critical environmental areas.
 (5) Promotion of the safety, livability, and revitalization of existing urban and rural communities.
 3. Upon review of the recommendations of the review committee, the board shall approve, defer, or deny the applications.
 4. Upon approval of an application for financial assistance under the program, the board shall notify the treasurer of state regarding the amount of moneys needed to satisfy the award of financial assistance and the terms of the award. The treasurer of state shall notify the authority anytime moneys are disbursed to a recipient of financial assistance under the program.
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