All required documents are outlined in the "Step 5: Submit a Project Loan Application" in the Application Process Section below. However, this section will provide helpful hints and tips for assembling the application components.
Some green infrastructure projects require permits from DEP and the Federal government (e.g. Waterfront Development, CAFRA, wetlands, flood hazard, USACE.) When you apply for Water Bank financing, you will be required to submit an affidavit certifying that required permits and approvals for building the environmental infrastructure facilities have been received from applicable Federal, State and local agencies. DEP Water Bank staff regularly help applicants navigate the permitting process, for assistance, contact them at (609) 292-8961.
In addition, applicants should request a Pre-Application Conference with DEP. Early attendance at a Pre-Application conference is useful for a number of reasons, including
DEP may also provide recommendations for design changes which would help to minimize disturbance in environmentally sensitive areas and help the project achieve compliance with the regulations.
TIP: IF YOU ARE APPLYING FOR WATER BANK FUNDING, MAKE SURE YOU HAVE APPLIED FOR ALL OF THE REQUIRED PERMITS YOU WILL NEED FOR YOUR PROJECT EARLY.
DEP will make a decision regarding the level of environmental review (Level l, 2, or 3) that will be required and whether a Cultural Resources Survey is required. If DEP determines that an environmental review and or cultural resources survey are required, then they will also specific the level of review required. Additional information regarding DEP requirements for Environmental Reviews and Cultural Resource Surveys are contained in NJAC 7:22-10.
DEP may also determine that the proposed project will have no effect upon cultural resources, in which case, no survey will be required and the project may proceed without further cultural resource consideration.
We had a great experience. Our planning and design loan ended and we rolled it over into a construction loan. We've been very happy with the process. The Water Bank welcomed the project and understood the need to do it. - Water Bank Applicant
Consider the following items when preparing technical documents for submission for Water Bank funding:
Note: Applicants may also consider developing standardized bid documents for use in multiple Water Bank applications.
Make sure you have the following financial information ready before beginning an application for Water Bank financing:
Applicants are required to secure all Water Bank loans in a manner acceptable to the State, pledging to provide funds to repay the debt, even if the Water Bank loan is terminated pursuant to N.J.A.C. 7:22-3.44. Acceptable security arrangements include, but are not limited to, general obligation bonds of the local government unit, service/deficiency agreement(s) with government units with general taxing power, revenue bonds, debt service reserve funds and surety bonds.
TIP: REMEMBER, CONSTRUCTION LOAN PROGRAM LOANS ARE AVAILABLE PRIOR TO REACHING THIS STAGE.
When submitting an application for Water Bank funding, certain applicants are required to inform and solicit input from the affected public regarding the intent to develop and implement environmental infrastructure projects prior to selection of the alternative which will become the proposed project. In fact, the online application requires that applicants describe public participation process to date. Many applicants are not required to undertake such measures and it is strongly recommended that the Water Bank be contacted to discuss prior to engaging a consultant for such services.
Appropriate public participation mechanisms can include notices, newsletters, citizens' advisory groups, public meetings, and public hearings to solicit comments; however, the minimum requirements for public participation are specified in N.J.A.C. 7:22-10.4, 10.5 and 10.6.
When a public hearing is required, applicants are required to take the following steps:
In addition to a public hearing, DEP may require supplemental measures to inform and solicit comments from the public.
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