(A) Town share determination. The town’s share of the joint venture project’s funding shall be determined by the Planning and Environmental Commission as provided in subsection (C) of this section. Application forms shall be provided by the Department of Community Development. At the time an application is filed with the Department of Community Development, the applicant shall attach thereto a proposed cost budget for the project (which may include design, architectural and engineering costs) and the proposed public/private shares.
(B) Reimbursement. For approved joint venture projects, the town will reimburse the applicant for its share of the project expenses after the completion of the project. The town’s share shall be a percentage of the total project cost up to but not to exceed a maximum amount. The applicant shall document the project expenses by submitting to the town bills, receipts or invoices for the project expenses, or such other information or documentation as may be required by the town.
(C) Application procedure. Applications for participation in this program shall be submitted to the Department of Community Development. The town staff shall review all applications and shall then submit to the Design Review Board all applications and recommendations relating thereto. The Design Review Board shall then review the applications and the staff’s recommendations and make recommendations to the Planning and Environmental Commission as to the proposed projects that the town should participate in and the amount of the town’s share in each recommended project. The Planning and Environmental Commission shall review all applications and reports and make a final determination of the projects to be funded and the amount of the town’s share.
(D) Evaluation criteria.
(1) The evaluation of the proposed projects by the staff, Design Review Board and Planning and Environmental Commission shall be done on the project evaluation forms hereby approved. The areas of evaluation being:
(a) Project location and visibility from public rights-of-way;
(b) Type of project;
(c) General design quality;
(d) Seasonal use of project;
(e) Energy and resource conservation; and
(f) Ease of maintenance.
(2) In addition thereto, project cost and proposed cost division between the town and the applicant shall be considered.
(E) Maintenance. The town shall not pay or be responsible for operating or maintenance costs of the project after the initial construction costs.
(Ord. 11(1979) § 1)