Section 209.54. Revision of final project cost; approval; request for revised certificate.

(1) If the final cost of a project, either the real or tangible personal property   components,  will   exceed  10%   of  the  estimated   amount indicated on the

original application form, a certificate holder shall request in writing that the local governmental unit approve the additional cost.  Upon receipt of a request, the clerk of the local governmental   unit shall notify in writing the assessor and the legislative body of each taxing unit and shall afford the applicant, the assessor, and a representative   of the affected taxing units an opportunity for a hearing.

(2)    If the scope of the project increases by either additional real and/or tangible personal property components, the certificate holder shall file an amended application and revised list of improvements with the clerk of the local unit. Upon receipt of an amended application, the clerk of the local governmental unit shall notify in writing the assessor and the legislative body of each taxing unit and shall afford the applicant, the assessor, and  a representative of the affected taxing units an opportunity for a hearing.

(3)    If a local unit of government approves a revised cost or revised scope under subrule (1) or (2) of this rule, the clerk of the local unit shall forward a copy of the amended application, revised list of improvements, and resolution of approval to the commission.

History: 1982 AACS; 2009 AACS; 2010 AACS.