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SECTION VI - PHASE III Submittal - Construction <br />Phase III FMDAMFDA Funding determines the final level of funding commitment. All final design documents and a <br />copy of any completed easement/purchase agreements are required to be included in Phase III submittals. Eligible <br />activities and applicant requirements for Phase II FMDAMFDA Funding are summarized below. <br />Eligible Activities <br />• Land appraisals <br />• Preparation of Purchase and/or Easement Agreements <br />• Land Acquisition <br />• Construction Administration <br />Applicant Requirements <br />• Successful PHASE II FMDAMFDA Submittal <br />• Meet general criteria requirements in SECTION I of this policy manual. <br />• Meet technical requirements described in SECTION VII of this policy manual. <br />• All Phase I Eligible Activities Complete. <br />• The following Phase II Eligible Activities Complete: <br />o Development of Final Design Report <br />o Construction Plans and Specifications <br />o Development of Operation and Maintenance Plan <br />o Permitting <br />• Quarterly reporting on project status. (Attached Form) <br />• Three year maximum to apply for Phase III FMDAMFDA Funding. <br />Application Procedure <br />• Complete & Provide FMDAMFDA PHASE III Submittal. <br />• Update & Provide Estimated FMDAMFDA Funding Allocation Worksheet based on final operation plan. <br />Funding Level <br />The amount of FMDAMFDA Funds available for successful Phase III Applicants will be the lesser of: <br />• Total Eligible Funding, as determined from Phase III FMDAMFDA Funding Calculation Spreadsheet, less <br />Funds awarded during Phase I and Phase II FMDAMFDA Funding. <br />• Project costs less other available funding sources. <br />FMDAMFDA Phase III Submittals will be reviewed and recommended for FMDAMFDA Funding based on criteria <br />described is SECTION III of this policy manual. <br /> <br /> 9 <br />MFDA_Funding_Policy_Final-R1_2015-1217.docx