Section 498-22-4 - Eligible Project SitesTo be eligible to receive assistance from the Fund ownership of all Project Sites must be clearly established at the time of submission of the Letter of Intent in one of the following ways:
2. Owned by a recognized not-for-profit organization such as a 501(C)(3) and designated for a public use;3. Secured by a minimum 75 year lease for a public use, unless otherwise expressly covered under an existing state statute;4. In the case of assistance to run-down or abandoned buildings such as former mills, warehouses or other commercial or industrial facilities, the property may be privately owned if it is located in a defined downtown area or another area on a Maine River that is part of a growth area designated in a Comprehensive Plan adopted by the municipality and approved by the State Planning Office under the Growth Management Act, and so long as a public benefit such as provision of municipal recreational opportunities, affordable housing, public open space or access or is realized as a long-term benefit of the project.19- 498 C.M.R. ch. 22, § 4