Table of Contents

Section I Statement of Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Section II Eligible Criteria . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

A. Eligible Applicants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

B. Eligible Projects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Section III Guarantee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Section IV Payment of Claims. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Section V Program Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

A. Project Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

B. Limitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

C. Reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

D. Nondiscrimination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

E. Project Records . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Section VI Application Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

A. Application Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

B. Application Evaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

C. Application Approval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

D. Technical Assistance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Section VII Program Inquiries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Appendix I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Attachment Single Application for Assistance

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Section I – Statement of Purpose

The Tax Increment Financing Guarantee Program (the “program") is designed to promote and stimulate the

general economic welfare of various regions and communities in the Commonwealth of Pennsylvania and

assist in the development, redevelopment and revitalization of brownfield and greenfield sites through the use

of Tax Increment Financing (TIF) in accordance with the Tax Increment Financing Act of July 11, 1990, as

amended, 53 P.S. §6930.1 et seq. (the “TIF Act”).

The program is part of an effort by the Commonwealth Financing Authority (“CFA”) and the Department of

Community and Economic Development (“DCED”) to provide credit enhancement for TIF projects to improve

market access and lower capital costs through the use of guarantees to issuers of bonds or other indebtedness

(“TIF Obligations”).

Section II – Eligibility Criteria

A. Eligible Applicants

Any issuer of TIF obligations for a project located within a municipality, other than a city of the first or

second-class, may apply to the Tax Increment Financing Guarantee Program. Eligible issuers under the TIF

Act include all municipal authorities, industrial and commercial development authorities, and redevelop-

ment authorities including boroughs, townships, towns, counties and home rule municipalities.

B. Eligible Projects

To be eligible to receive a guarantee, a project must meet at a minimum the following criteria:

1. The project must be located within a TIF district and must meet all of the requirements imposed by the

Tax Act. The project may include the cost of publicly-owned infrastructure located outside of the TIF

district which directly benefits the project.

2. The project must be for the:

a. redevelopment, reuse or revitalization of previously developed land, including previously mined

areas; or

b. development of undeveloped land which may be the subject of future development pursuant to any

existing comprehensive municipal plan and is zoned for that development at the time of

application.

3. The project must be the intended recipient of the proceeds of the TIF Obligations.

4. The project must demonstrate its ability to comply with all the requirements of the TIF Act prior to the

issuance of the TIF Obligations .

5. All applicants must demonstrate that the tax increment to be realized as a result of the TIF project will

be sufficient to offset the amount of debt service to be incurred.

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Section III – Guarantee

A. Guarantees are available for projects that meet the above eligibility criteria. The maximum amount that the

CFA will pay under its guarantee is $5,000,000, inclusive of principal and interest. Guarantee amounts will

be determined by the scope of the project, the estimated projections of future tax revenues to be generated

by the project, the estimated financing cost savings realized through the provision of a guarantee, and the

ability of the CFA to assume the rights to security provided to the holders of the TIF project debt in the

event of a default.

B. If a project is approved for a guarantee, the CFA will execute a guarantee agreement in favor of the holder

or holders of the TIF obligations, and will negotiate the terms of the security and the circumstances under

which the guarantee may be called. In all cases, funds supporting the guarantee will remain under the

custody and control of the CFA until such time as a call is made, and then the CFA will have a reasonable

time within which to ascertain the amount of the outstanding debt and to provide the funds to satisfy its

guarantee obligation.

C. In no case will the CFA guarantee payment of municipal or tax liens levied against a project or the

occupant of a facility located on a project site.

Section IV – Payment of Claims

Holders of TIF Obligations (or a trustee representing such holders) may file a claim by submitting to the CFA a

written notice that actual and anticipated tax collections and other available funds will be insufficient to satisfy

debt service requirements at the next debt service payment date. Said written notice shall be provided to the

CFA at least sixty days before the relevant debt service payment date, and shall specify the amount of funds

required in order to avoid a default under the TIF Obligations. In the event a payment is made by the CFA

under its guarantee, the CFA shall be subrogated pro tanto to the rights and privileges belonging to the holders

of the TIF Obligations. The CFA may renegotiate the terms of repayment of the debt assumed by the CFA

under terms the CFA deems appropriate. Any recovery of funds made after any payment made under the

guarantee shall be paid to the loan guarantee account. Before approving payment on a claim, the CFA shall

evaluate the claim to determine that the guarantee payment shall be for the benefit of the holders of the TIF

Obligations and not for the issuer.

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Section V – Program Requirements

A. Project Plan

1. A project plan shall be prepared for each tax increment financing district that includes the following:

a. A statement listing the kind, number and location of all proposed public works or improvements

within the district.

b. An economic feasibility study of the project and the fiscal effects on the municipal tax base

prepared by an independent market analyst. The economic feasibility study must demonstrate that

the incremental tax revenues to be realized from the project will be sufficient to offset the amount

of debt service to be paid by the issuer. Indications of economic viability will preferably include

sales, pre-sales, signed leases, letters-of-intent and other such commitments for the project. The

feasibility study shall identify realistic and verifiable sources of funds to complete the project such

that sufficient debt and equity to complete at least 85% of the project that is required to support the

TIF bonds be in place prior to closing on the TIF bonds.

c. A detailed list of estimated project costs.

d. A description of the methods of financing all estimated project costs and the time when related

costs or monetary obligations are to be incurred.

e. A map showing existing uses and conditions of real property in the district.

f. A map showing proposed improvements and uses therein.

g. Proposed changes of any zoning ordinance, master plan, map, building code or ordinance.

h. A list of estimated non-project costs.

i. A statement of a proposed method for the relocation of families, persons and businesses, if any, to

be temporarily or permanently displaced from housing or commercial facilities in the project area

by implementation of the plan, if applicable.

2. Developer Credentials. The developer whether it be the issuing authority or a private developer,

should have experience and have an organization capable of successfully completing the development

as evidenced by having successfully completed other developments of similar size and complexity.

The developer should be financially stable, with a history of honoring its obligations, no defaults or

bankruptcy history. In addition, the developer shall demonstrate sufficient liquidity from its balance

sheet or from lines of credit, an amount equal to cover at least one year of interest expense on the TIF

obligations following the capitalized interest period.

3. Governmental Approvals. Prior to closing on the TIF obligations, all necessary governmental

approvals must be in place or obtainable without discretion to develop a sufficient portion of the

project such that appropriate level of debt service coverage is satisfied. There shall be no liens or

litigation against the project as set forth in the project plan, either directly or indirectly, or pending or

proposed legislation that could adversely affect the ability to adjust the tax rates or collection

procedures or develop the project. Land use plans, zoning, or other covenants must be in place for all

parcels within the TIF district or adjacent to the TIF district to preclude uses that are not compatible

with other uses in the TIF district.

4. Contractor Credentials. A reputable contractor shall commit to a Guaranteed Maximum Price

construction contract and shall provide a payment and performance bond for the construction of the

project being financed by the bonds, as well as for the project as a whole, if appropriate. The

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Guaranteed Maximum Price nature of the contract and the payment and performance bond may be

waived if the developer has a net worth that is at least two times (including liquid net worth of at least

one times) the sum of the amount of the construction contract in question plus the amount of any other

construction contracts for which developer is responsible that are not backed by a Guaranteed

Maximum Price Contract and a payment and performance bond. The payment and performance bond

requirement can be waived if the contractor commits to a Guaranteed Maximum Price contract and

either meets the net worth standards contained in the prior sentence or provides a letter of credit in an

amount equal to at least 25% of the amount of the contract.

5. Debt Service Reserve Fund. The TIF obligations shall be structured with a debt service reserve fund

equal to the lesser of maximum annual debt service or 10% of the amount of debt outstanding. This

fund shall be invested in a guaranteed investment contract or collateralized repurchase agreement with

a provider rated at least AA by Standard & Poor’s or Aa by Moody’s.

6. Capitalized Interest. The TIF obligations shall fund capitalized interest, or other escrowed funding

sources or lines of credit must be identified, in an amount sufficient to satisfy principal and interest

requirements until such time that the incremental taxes on the developed property provide for at least

50% of net debt service, up to the maximum amount permitted by law. In addition, the developer

should demonstrate sufficient liquidity from its balance sheet or from lines of credit in an amount equal

to cover at least one year of interest.

7. Continuing Disclosure. Disclosure commitments shall meet the requirements of the TIF Act and Rule

15(c)2-12 promulgated by the Securities and Exchange Commission even if the bonds are exempt from

such disclosures as may be the case if bonds are sold in denominations greater than $100,000.00 or for

other reasons. During the development period, the developer shall, on a quarterly basis or more

frequently as determined by the issuing authority, provide the issuing authority and the CFA with

disclosure statements that discuss construction activity, development, financial status, and sales and

rental levels.

8. Acceleration. The Bonds shall not be subject to acceleration as a result of a default unless payment of

the bonds is possible due to the acceleration of assessments under the NID Act for an event of default

outstanding for more than one year.

B. Limitations

1. The maximum guarantee amount per project under the TIF Guarantee Loan Program is five million

dollars ($5,000,000).

2. Unless in circumstances of foreclosure, default, or violation of project financing agreements the CFA

may not approve an application if the CFA would be required to operate, service, or maintain the

project under the lease or other agreement.

C. Reporting

The issuing authority shall report annually on the status of the project, including the amount of the annual

debt service and the annual value of the incremental tax revenues.

D. Nondiscrimination

No assistance is awarded to an applicant under this program unless the applicant certifies to the CFA that

they shall not discriminate against any employee or against any person seeking employment because of

race, color, handicap, national origin, age, or sex.

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E. Project Records

The applicant must maintain full and accurate records with respect to the project and must ensure adequate

control over the related parties in the project. The CFA may require access to such records, as well as the

ability to inspect all work, invoices, materials, and other relevant records at reasonable times and places.

Upon request of the CFA, the applicant must furnish all data, reports, contracts, documents, and other

information relevant to the project.

Section VI – Application Process

A. Application Procedures

To apply for a loan guarantee under the Tax Increment Financing Guarantee Program, the eligible applicant

must submit 15 copies of the Single Application for Assistance (the "application") and supplemental infor-

mation (refer to Appendix I) to the CFA. The application can also be submitted online by accessing

www.esa.dced.state.pa.us. The supplemental information to the application will need to be mailed to the

CFA if the application is completed online, or if the supplemental information is in electronic format, it can

be e-mailed to ra-dcedbonds@state.pa.us. Please be sure to reference the identification number for the

application submitted online if e-mailing supplemental information.

B. Application Evaluation

Upon receipt of the complete application, the CFA will review the application in the order it was received

from the applicant. For an application to be considered for approval the applicant must show the

following:

1. That the project is consistent with the comprehensive plan where the project is located, and the project

is intended to redevelop, reuse or revitalize previously developed land, including mined areas, or that

the project develop underdeveloped land which is permitted as the subject of future development

consistent with an existing comprehensive county or municipal plan and was zoned for such

development at the time of application.

2. That the proposed collateral, including the revenue to be realized as a result of the project, is sufficient

to repay the loan.

3. That the project complies with all the requirements of the TIF Act.

4. That at the time of the bond issue or borrowing, the issuer complied with all criteria as established by

the CFA.

An eligible project will receive priority consideration if:

1. It is located in an area with a particular need for economic development, as shown by high

unemployment, declining population, a significant inventory of brownfields or vacant housing, low to

moderate household income or other indicators established by the CFA.

2. It is located in an urban or core community and the project will redevelop a site that is not currently

utilized.

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3. It is identified for priority investment in a local or regional economic development plan or strategy that

is consistent with a county comprehensive plan.

4. The business or private developer proposes to create a significant number of permanent full-time jobs

at the site within three years following project completion. Estimates regarding construction jobs may

also be considered in evaluating an application.

5. There is a high level of local support for the project as evidenced by resolutions from municipalities

supporting the project and the presence of local matching funds for the project.

C. Application Approval

1. The CFA will formally notify the applicant of its decision to approve or reject an application within

thirty (30) days of receipt of a complete application.

2. Upon approval of an application by the CFA, a commitment letter will be issued to the applicant

explaining the terms and conditions of the guarantee. The commitment letter must be signed and

returned to the CFA together with a commitment fee of two-tenths of one percent (.002) of the

guarantee amount within 60 days of the date of the commitment letter or the offer may be withdrawn by

the CFA.

3. Following the acceptance of the offer by the applicant, an agreement will be drafted and submitted to

the applicant for signature. The agreement will set forth the circumstances and procedure governing a

call on the guarantee.

D. Technical Assistance

For technical assistance and information on how to establish a TIF district, appropriate uses of TIF

financing and other TIF related questions, interested municipalities, economic development organizations

and others should contact the Center for Local Government Services (see Section VII).

Programmatical technical assistance will be provided by the Center for Private Financing (see Section VII).

7

Section VII – Program Inquiries

A. Program inquiries should be directed to:

Department of Community and Economic Development

Center for Private Financing

The Tax Increment Financing Guarantee Program

Commonwealth Keystone Building

400 North Street, 4th Floor

Harrisburg, PA 17120-0225

Telephone: (717) 783-1109

E-Mail: ra-deedpf@state.pa

B. Technical Assistance inquiries should be directed to:

Department of Community and Economic Development

Governor's Center for Local Government Services

The Tax Increment Financing Guarantee Program

Commonwealth Keystone Building

400 North Street, 4th Floor

Harrisburg, PA 17120-0225

Telephone: (717) 787-8169

E-Mail: ra-deedpf@state.pa

Guidelines can be accessed online at www.newPA.com.

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APPENDIX I

Supplemental Information for theSingle Application for Assistance

In addition to completing the Single Application for Assistance, please include the following items when

applying for a guarantee:

Exhibit 1: Provide a description of the project which discusses all of the following: the specific location of

the site and site characteristics such as the useable acreage and buildable square footage of the

site; any characteristics of the area in which the site is located that demonstrate a need for

economic development; whether the proposed development of the site is consistent with an

existing municipal comprehensive plan; the historical and proposed use of the site; the specific

infrastructure and site development activities proposed for the site; the experience of the devel-

oper, including a discussion of previous projects completed; the estimated start and end dates of

construction; the existence or absence of already prepared sites within the county; whether the

site has been identified as a priority investment in a local or regional economic development plan

or strategy; and the potential employment opportunities to be realized as a result of the project.

Exhibit 2: A copy of the Project Plan which includes the information outlined in Section-V(A) of these

guidelines.

Exhibit 3: The most recent financial statements of the project developer which includes balance sheets,

income statements, and notes to financials.

Exhibit 4: A statement from the issuer’s solicitor stating that the proposed project will be in compliance

with the requirements of the Tax Increment Financing Act.

Exhibit 5: A letter from the appropriate planning agency certifying that the proposed project is in compli-

ance with the comprehensive land use plans and zoning and subdivision ordinances.

Exhibit 6: A resolution duly adopted by the issuer’s board formally requesting the guarantee, designating an

official to execute all documents, and identifying the amount of the guarantee requested.

Exhibit 7: A copy of the issuer’s most recent year-end audit.

SingleApplicationfor Assistance

Pennsylvania Department

of Community and

Economic Development

On-line at: www.newPA.com

Commonwealth of Pennsylvania

Edward G. Rendell, Governor

www.state.pa.us

Department of Community and Economic Development

Dennis Yablonsky, Secretary

www.newPA.com

January 2006

INTRODUCTION

The Department of Community and Economic Development is pleased to introduce the Single Application for Assistance. The idea is simple. Through one form, applicants can apply for financial assistance from the Department’s various funding sources. This approach to economic and community development features effective service and personal attention to the needs of our customers. It also reduces duplicative paperwork, facilitates the coordination of Department resources and allows our customers and department personnel to devote resources to what is important – creating jobs and building strong communities. DCED encourages you to visit our web site and submit your Single Application for Assistance via on-line submission at: www.newPA.com Select the “Funding and Program Finder” bar on the home page.

Instructions for Page 1, Single Application for Assistance

I. PROFILES Complete only the applicable information for the Applicant/Sponsor, Company/Occupant, and Beneficial/Owner sections for your project.

Applicant/Sponsor – Eligible entity completing and submitting the application. Applicant can be a business or corporation, non-profit organization, municipality, industrial authority, local development district, local government or licensed education agency. Depending on the type of project and potential funding source, an applicant/sponsor may be submitting the application on behalf of a company or occupant. Indicate the corporate structure of the applicant by selecting one of the following: For-profit corporation, Non-profit corporation, Government, Partnership or Sole Proprietorship. Please indicate your SAP Vendor Number (if known) for name standardization. If you applied for and received DCED funding in the past, you will have had a SAP Vendor Number assigned to you when you registered with SAP. Please use your company name as registered with SAP. Business Specifics – Complete this section if there is a business involved in this project. On a separate sheet of paper, enter every additional FEIN used by the company and its affiliates to do business at the project site(s) specified on this application. Company/Occupant – If the eligible company/occupant occupying the project site is different from the above listed applicant, complete the appropriate information for the company/occupant. Beneficial Owner/Developer − In some projects there may be three entities involved: 1) applicant/sponsor, eligible entity that is submitting a single application to DCED, 2) company/ occupant, entity seeking financial assistance to create or retain existing jobs, 3) beneficial owner/ developer, entity that owns the assets to be financed. Definitions of information requested −

Name − name of entity CEO − Corporate Executive Officer for the entity FEIN − Federal Employer Identification Number ( 9 digits) NAICS Code − North American Industry Classification System Code E-mail − electronic mail address Contact name − person who prepared the application. PA Revenue Tax Box Number − corporate (for-profit) tax number to conduct business in

Pennsylvania UC# − Unemployment Compensation Number Current # of Full-time Employees

- in Pennsylvania - Worldwide Minority owned − Minority owned company – providing ethnicity is optional. Woman owned − Woman owned company Total Sales $ – Total gross sales last year Total Export Sales $ – Total gross export sales last year (outside US) R&D Investment (% of budget) – % of eligible company’s revenue targeted for research

& development last year Employee Training Investment (% of budget) – % of eligible company’s revenue

targeted for employee training last year SAP Vendor Number – Number assigned to you by the SAP Master Vendor Unit for any

funding to be processed to you.

1

Application Number

PA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT Single Application for Assistance

I. PROFILES Applicant/Sponsor

Name: CEO:

CEO Title: Address:

City: State:

Zip: FEIN:

NAICS Code:

Contact Name: For-Profit Corporation Non-Profit Corporation Government Partnership Sole Proprietorship

Title: Phone:

Fax: SAP Vendor #:

E-mail: PA Revenue Tax Box #:

Internet Access: Yes No Business Specifics

Current # of Full-time Employees: Pennsylvania Worldwide______________

Minority Owned: Yes No

If yes, ethnicity (optional):___________ Woman Owned: Yes No

Sole Proprietorship S Corporation Partnership C Corporation Limited Liability Corp Limited Liability Partnership

Total Sales $ R&D Investment (% of budget)

Total Export Sales $ Employee Trng. Investment (% of budget) Company/Occupant

Name: CEO:

CEO Title: Address:

City: State:

Zip: FEIN:

NAICS Code: UC#

Contact Name: Title:

Phone: Fax:

E-mail: Internet Access: Yes No Beneficial Owner/Developer Name: Address: City: State: Zip: FEIN:

Instructions for Page 2, Single Application for Assistance II. PROJECT SITE LOCATION (S)

Provide the actual address of the project site(s). In addition, include the county, municipality, Pennsylvania House and Senate District numbers, and the U. S. Congressional District number for each project site. If the project involves the creation of new jobs or the retention of existing jobs within Pennsylvania, provide the following: - Current number of full-time jobs at project site - Number of full-time jobs to be created at project site. Indicate if the project site is located in one or more of the following designated areas:

- DCED or Federal Enterprise Zone - Brownfield Area - Act 47 Distressed Community

- Keystone Opportunity Zone - Prime Agricultural area

- Uses a PA Port for commerce If this project involves more than one site, please provide the requested information for each site on an additional sheet of paper.

III. PROJECT INFORMATION If you contacted a DCED representative to discuss funding for this project, indicate the name of the person(s) you have been working with. Providing this information will ensure smoother processing of your application. Please indicate if you are applying for a specific funding source. If not, DCED will match your request with the source(s) it feels will best meet the needs of your project. Provide a short project description/name. If this project is related to a previously submitted project, please provide the project’s name or contract number, if available.

IV. TYPE OF ENTERPRISE Indicate the type of enterprise that will benefit from the requested financial assistance from DCED. If you are submitting on behalf of another entity, select the type of enterprise that best describes that entity (not your entity).

2

II. PROJECT SITE LOCATION(S)

Site One:

Address: City:

State: Zip:

County: Municipality:

PA House #: PA Senate #:

US Congressional #:

Current # of Full-Time Employees at this Site:

# of Full-Time Jobs to be Created at this Site:

Enterprise Zone Brownfield Act 47 Distressed Community Keystone Opportunity Zone Prime Agricultural Area Uses PA Port

III. PROJECT INFORMATION

Have you contacted anyone at DCED/GAT about your project? yes no. If yes, indicate who.

_____________________________________________________________________________________________

Are you interested in a specific funding source? If so, indicate: ___________________________________________

_____________________________________________________________________________________________

Project Name/Description (max. 60 characters) _______________________________________________________

Is this project related to another previously submitted project? yes no

If yes, indicate previous project name:_______________________________________________________________

_____________________________________________________________________________________________

IV. TYPE OF ENTERPRISE (Check appropriate box or boxes)

Advanced Technology Economic Dev. Provider Mining Agri-Processor Educational Facility Other (specify) Agri-Producer Emergency Responder Professional Services Authority Exempt Facility Recycling Biotechnology / Life Sciences Export Manufacturing Reg. & Nat. Headquarters Business Financial Services Export Service Research & Development Call Center Food Processing Retail Child Care Center Government Social Services Provider Commercial Healthcare Tourism Promotion Community Dev. Provider Hospitality Warehouse & Terminal Computer & Clerical Operators Industrial Defense Related Manufacturing

Please fill in when "Other" is specified.

Instructions for Pages 3, 4, 5, Single Application for Assistance

V. FINANCIAL ASSISTANCE

Choose category of DCED financial assistance that this project is requesting. NOTE: These categories are the same as those used in the Project Budget, section VII.

VI. USE OF FUNDS Check the appropriate boxes to describe how the DCED financial assistance will be used in this project.

VII. PROJECT BUDGET GENERAL INSTRUCTIONS: Indicate all sources of funds and project costs, including those not financed with DCED funds. At the top of the columns number (1) through (4), indicate the source of funds that will be used to pay for those items identified in the budget table. Under the source of funds, indicate the Type of Financial Assistance in the box, whether the funds are: Federal − public dollars (grants or loans) from the federal government; State − public dollars (grants or loans) from the Commonwealth of PA; Local − public dollars (grants or loans) from local government; Private − non-public dollars; or In-kind − other than cash assistance for the project. Subtotal all of the line items within a category for each of the columns. Do not use cents when calculating budget amounts. Then add all of the Category subtotals for each of the columns to arrive at the Total for each source. Use column 5 as a Total for all sources of funding per line item. If your project has more than 4 sources of funding, feel free to duplicate the blank pages and renumber the columns. If an amount is placed in any of the OTHER categories, you must specify what the money will be used for in the additional space or in the Project Narrative. NOTE: If the application is approved, the project budget becomes a binding part of the legal contract between the applicant and the Department, so the projected figures must be accurate. Depending on the actual DCED funding source, additional detailed information also may be needed. Please reference the specific program guidelines for those requirements on the DCED web site at www.newPA.com.

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V. INDICATE BUDGET CATEGORY OF FINANCIAL ASSISTANCE REQUESTED (Check all appropriate boxes)

Acquisition Infrastructure / Site Prep Operating Costs/Working Capital General Construction Machinery and Equipment Related Costs Other Costs

VI. HOW WILL THE ASSISTANCE BE USED? (Check all appropriate boxes)

Community Development/Revitalization

Environmental Recreation

Community Services Export - Domestic Trade (out of PA) Tax Credits Crime Prevention Export - International Trade (out of USA) Technology Development Economic

Development/Revitalization Housing Tourism Promotion

Education Planning

VII. PROJECT BUDGET Include all sources of funds and project costs. (Include monies not financed with DCED funds.)

Sources (1) DCED (2) (3) (4) Total

Type of Financial Assistance

ACQUISITION

Land

Buildings

Subtotal

GENERAL CONSTRUCTION

New Construction

Renovations

Subtotal

INFRASTRUCTURE/ SITE PREPARATION

Roads & Streets

Parking

Water/Sewer

Project Budget Instructions (con't.) - Single Application for Assistance Examples of eligible activities for budget line items: Acquisition: Purchase of land or buildings.

General Construction: Indicate new construction or renovation construction costs including plumbing, HVAC, electrical, etc. Infrastructure/Site Preparation: Roads & streets, parking areas, water lines, sewer lines and connections, storm sewers, utilities, demolition, excavating/grading, environmental cleanup. Machinery & Equipment: Purchase of new or used equipment, upgrade of existing equipment, modification of buildings to accommodate purchased equipment, vehicles. Operating Costs / Working Capital:

• All funds that will be used for working capital purposes by the Company/ Occupant

• Salaries and fringe benefits • Training and technical assistance costs • Consumable supplies such as printing, office supplies, disposable

equipment/supplies • Travel, per diem, mileage, airfares, auto rentals • Promotion/Public Relations/Advertising, (include costs associated with

promotion and public relations activities such as brochures, maps, TV or radio time, print ads)

• Office equipment (include telephones, computers, software, copiers, fax machines)

• Space costs such as mortgage costs, rent, maintenance costs, utilities, trash

• Program audit costs • Indirect costs

Related Costs:

• Professional services/consultants, include contracted program services • Engineering • Inspections • Fees • Insurance • Environmental assessment costs • Legal costs • Closing costs • Contingencies (identify the specific use of these funds.)

Other Costs:

• Items not previously specified by a line item in the Project Budget, such as bank fees, membership dues, subscriptions, etc. These costs must be identified in the project narrative or Budget Justification to be eligible expenditures.

4

PROJECT BUDGET (continued)

Sources (1) DCED (2) (3) (4) Total

Utilities

Demolition

Excavation/Grading

Environmental Cleanup

Subtotal

MACHINERY & EQUIPMENT

New Equipment Purchase

Used Equipment Purchase

Upgrade Existing

Installation/Building Modification

Vehicles

Subtotal

OPERATING COSTS/ WORKING CAPITAL

Working Capital

Salaries & Fringe Benefits

Training & Technical Assistance

Consumable Supplies

Travel

Promotion/Public Relations/Advertising

Office Equipment

Space Costs

Audit

Indirect Costs

Subtotal

Instructions for Page 5, Single Application for Assistance

VIII. BASIS OF COSTS

Provide the basis for calculating the costs that are identified in the Project Budget.

IX. PROJECT NARRATIVE

On a separate sheet(s) of paper, provide a typewritten narrative that provides a detailed, comprehensive description of the project. The narrative must specifically address each of the cost items identified in the Project Budget section. NOTE: Some funding sources have specific guidelines regarding the narrative necessary to qualify for that particular DCED resource.

In general, the narrative must include:

A. Specific Problems to be Addressed or Improvements to be Financed. Identify the problem(s) that need to be resolved. For projects involving a for-profit business, please provide a brief business background, such as: founding or incorporation date, historic background, product and marketing areas.

B. Project Description. What do you plan to accomplish with this project? How do you plan to accomplish it? Include expected outcomes that are measurable, obtainable, clear and understandable, and valid. Examples of measurable outcomes include jobs created or retained, people trained, land or building acquired, housing units renovated or built, etc.

C. Projected Schedule and Key Milestones and Dates. A detailed project schedule of activities, including key milestones and dates, must accompany this application.

D. Documentation to Support Budget Costs. If required by the funding source, include the supporting documents that are checked under the Basis of Costs section of this application.

If applicable, include:

E. Certifications or Assurances. If requesting a specific funding source, please include any specific certification and/or assurances that are required by that funding source.

F. Planning/Zoning Letter. If the project involves infrastructure activities, provide a letter from the applicant or local planning agency certifying that the proposed project is in compliance with the comprehensive and land use plans and zoning and subdivision codes. If the project is not in compliance, explain the nature of the inconsistency and provide an estimated timetable for securing compliance or for securing any desired change.

5

PROJECT BUDGET (continued)

Sources (1) DCED (2) (3) (4) Total

RELATED COSTS

Professional Services/Consultants

Engineering

Inspections

Fees

Insurance

Environmental Assessment

Legal Costs

Closing Costs

Contingencies

Subtotal

OTHER

Other

Subtotal

TOTAL

VIII. BASIS OF COSTS (Check appropriate item)

Appraisals Bids/Quotations

Contractor Estimates

Engineer Estimates

Sales Agreements

Budget Justification

IX. PROJECT NARRATIVE Attach a comprehensive description of this project. The narrative must specifically address each cost item identified in the project budget. In general, the narrative must include:

A. Specific Problems to be Addressed or Improvement to be Financed

B. Project Description

C. Project Schedule, Key Milestones and Dates

D. Documentation to Support Budget Costs

If applicable, include:

E. Certifications or Assurances

F. Planning/Zoning Letter

Instructions for Page 6, Single Application for Assistance

X. CERTIFICATION

This section certifies that the information provided in the application is true and correct to the best of the signer’s knowledge. False information may subject the signer and company/entity to criminal prosecution. Please date the application. An individual who is authorized to sign on behalf of the applicant/sponsor must sign the application prior to submission to DCED. Print or type his or her name and title below the signature. Enter the address of the entity represented. If you are requesting a specific funding that requires the authorized signature be attested, do so in the space provided.

MAIL COMPLETED APPLICATION TO:

Pennsylvania Department of Community and Economic Development Commonwealth Keystone Building

400 North Street, 4th Floor Harrisburg PA 17120-0225

If you have questions on the Single Application,

contact DCED Customer Service Center at: 1-866-GO-NEWPA (1-866-466-3972)

or 1-800-379-7448 e-mail: ra-dcedcs@state.pa.us

6

X. CERTIFICATION

I hereby certify that all information contained in this document and attachments are true and correct to the best of my knowledge. If I knowingly make a false statement or overvalue a security to obtain a grant and/or loan from DCED, I (company, entity and signer) may be subject to criminal prosecution. Date:_______________________ Signature: ________________________________________________________________________

Print Name: Title: _________________________________

Representing: _____________________________________________________________________

Address: _________________________________________________________________________

________________________________________________________________________________

If this application is being submitted on behalf of another entity, a certification is also required for that

entity.

Signature: ________________________________________________________________________

Print Name: Title: ________________________________ Corporate Submissions Only: Attested by:_____________________________________ (Signature of Corporate Secretary)

"I understand that in order to facilitate the submission of additional applications for this project on the Internet, information from this application (limited to the profile, project summary and site employment/ projected jobs data) will be available to DCED Authorized Service Providers on the DCED Single Application web site, unless I have checked here ____ "

The Department of Community and Economic Development reserves the right to accept or reject any or all applications submitted on the Single Application for Assistance contingent upon available funding sources and respective applicant eligibility.