How are the BCIB loan applications evaluated?

The BCIB Advisory Board will review applications and make recommendations to the County Board of Commissioners based on the Applicant’s creditworthiness, as well as the project’s constructability and overall consistency with the BCIB Program statement of purpose; identified outcomes, such as the impact on water/wastewater/stormwater service, traffic congestion, public health and safety, and economic development; and ability to meet the overall BCIB Program objectives. The following is an expanded list of potential project evaluation criteria:

  • Successfully adhere to the application process and guidelines, including mandatory attendance at the pre-application conference and board presentation.
  • Ability of the Applicant to demonstrate credit worthiness and secure any additional project funding necessary to complete the project.
  • Level of non-County funds secured and available to the project (i.e. private investment leveraged).
  • Project cost effectiveness when compared to other alternatives and project ability to efficiently serve County residents and visitors.
  • Project readiness.
  • Ability of the project to demonstrate local support.
  • Ability to secure funding from other sources.
  • Project consistency with all local economic development plans and ability to support job creation/retention in the County.
  • Ability of the project to address public health and safety.
  • Ability of the project to incentivize and support major economic development projects and/or new or existing tourism initiatives.

Show All Answers

1. What is the Butler County Infrastructure Bank (BCIB) Program?
2. Why would I apply for a loan from the BCIB versus Federal, State, or private loan programs?
3. Who is eligible to apply for a loan from the BCIB?
4. What type of projects are eligible for BCIB loan financing?
5. Are all project costs eligible for payment with BCIB loan proceeds?
6. Is there a maximum or minimum BCIB loan amount or percentage of project costs that an approved Applicant can receive?
7. What are the BCIB loan terms regarding interest, repayment and security?
8. What financial metrics might be used by the BCIB Program to assess credit worthiness/Applicant qualifications?
9. Will the financial statements provided as part of the BCIB loan application credit review process be kept confidential?
10. What is the “Turnkey” delivery option and how does it differ from the “Finance Only” project delivery option?
11. Are there any pre-application requirements?
12. How are the BCIB loan applications evaluated?
13. When are BCIB applications due and where should they be submitted?
14. How many copies of the BCIB loan application are required to be submitted?
15. When are BCIB project loans approved?
16. What is the BCIB loan program approval process?
17. How are BCIB loan application approvals/denials communicated to Applicants?
18. What is the procedure for accessing the BCIB loan funds?
19. Are Butler County’s administrative costs included in the BCIB loan?
20. How are project cost overruns handled during the project?