 |
Oklahoma Administrative Code (Last Updated: March 11, 2021) |
 |
TITLE 150. Oklahoma Department of Commerce |
|
Chapter 55. Oklahoma Main Street Program |
|
Subchapter 5. Main Street Program |
SECTION 150:55-5-1. Eligibility
Latest version.
- In order to meet the minimum qualifications for participation in the Main Street program, a municipality must have:(1) A population of more than five thousand (5,000) persons but less than fifty thousand (50,000) persons according to the latest federal decennial census;(2) Two (2) representatives attend the annual application workshop conducted by the Oklahoma Department of Commerce;(3) Have filed a non-binding letter of intent to apply;(4) Submit a properly completed application;(5) An existing downtown organization or commit to establish such an organization which will be responsible solely for the Main Street project;(6) Commit to hire one (1) person who would be required to work forty (40) hours per week to direct the project;(7) Verification of first-year funding with evidence of a three-year funding commitment. Documentation verifying first- year funding should be in the following forms:(A) for public sector funding, a copy of the city or county resolution authorizing Main Street funding;(B) for private sector funding, a notarized certification from the authorized representative of the Main Street managing organization, indicating the amount of funding in-kind and allocated exclusively to the progress and the full amount of funding pledged. Each pledge must be documented by a letter stating the amount of pledge and signed by the pledger.(C) for donated or pledged in-kind contributions, a letter from the individual or duly authorized representative of the organization donating the contributions. The letter must state what is being donated, how long the donation will continue and the current fair market value of the donation.