OAR 123-097-2200
Sponsor Responsibilities
(c)
Follow standard construction practices, such as requiring bonding, applicable insurance, inspections, use of as-built drawings, and so forth on the Project.(d)
Devise plans as necessary for the ongoing operation, maintenance and upgrade of infrastructure and remediation work that will preserve their benefits over their normally useful life.(e)
Guarantee that the RSIS will remain zoned for industrial use for not less than 20 years from when the Loan Agreement or TRA is executed.(f)
Actively participate with eligible employers in timely submitting annual reports as required in OAR 123-097-2600.(2)
For purposes of requisite signage posted at the RSIS and visible to the generally public, which the department may furnish, as well as all plans, bids, advertisement and other documents for the Project:(a)
The sponsor shall see that they prominently bear the statement, “Project supported through the Oregon Industrial Site Readiness Program Fund, administered by the State of Oregon Business Development Department.”(b)
In the event that a Loan Agreement is in effect funded with state lottery proceeds used to capitalize the Oregon Industrial Site Readiness Program Fund under ORS 285B.632 (Oregon Industrial Site Readiness Program Fund), the sponsor shall also comply with ORS 280.518 (Display of information that program is financed by State Lottery) requiring public display of information on lottery funding, including that the statement in subsection (a) of this section also says, “..., and funded by Oregon State Lottery proceeds.”(3)
Responsibilities contained in this rule may affect the sponsor’s receipt of Program loan award, loan forgiveness or tax reimbursements whether or not confirmed in the TRA or Loan Agreement, which may specify additional responsibilities.
Source:
Rule 123-097-2200 — Sponsor Responsibilities, https://secure.sos.state.or.us/oard/view.action?ruleNumber=123-097-2200.