PURPOSE: The purpose of this rule is to set forth the required disclosure of the development process for a Class A license.

1. (1) An applicant for a Class A license must disclose with regard to the development of its racing facility—

   1. (A) The total cost of construction of the facility or any modifications of an existing facility, distinguishing between fixed costs and projections;

   2. (B) Separate identification of the following costs, if applicable, distinguishing between fixed costs and projections:

      1. 1. Facility design;
      2. 2. Land acquisition;
      3. 3. Site preparation;
      4. 4. Improvements and equipment sepa-

rately identifying the costs of the items required in 12 CSR 50-13.050(D)–(O) and other categories of improvements and equipment;

1. 5. Interim financing;
2. 6. Permanent financing; and
3. 7. Organization, administrative, account-

ing and legal;

1. (C) Documentation of fixed costs;

2. (D) The schedule for construction, if any, of the facility or any modifications to an existing facility including estimated completion date;

   1. 1. Provide an estimated time schedule

for construction, including how long after licensure will the proposed project be fully operational. Show the number of months after the license is granted that each of the following activities will commence and be completed:

1. A. Solicitation of bids;
2. B. Award of construction contract(s);
3. C. Construction commencement;
4. D. Completion of construction;
5. E. Occupancy of new facility or

space;

1. F. Training of staff; and
2. G. Commission check and inspection

of facility for public and racing readiness; and

1. 2. With respect to the solicitation of

bids, awarding of construction contracts, commencement of construction and completion of construction, provide an itemized timetable for the components of the construction program listed here:

1. A. Land clearing
2. B. Site preparation and grading;
3. C. Grandstand;
4. D. Barns;
5. E. Paddock and jockey’s quarters;
6. F. Track;
7. G. Parking lot;
8. H. Test barn;
9. I. Racing secretary’s office
10. J. Maintenance shed;
11. K. Landscaping; and
12. L. Other (specify).
13. 3. The applicant’s plans must meet the

fire safety requirements of the state fire marshal. Attach a letter from the state fire marshal stating tentative approval.

1. (E) Schematic drawings;

2. (F) Copies of any contracts with and performance bonds for each of the following:

   1. 1. Architect or other design profession-

al;

1. 2. Project engineer;
2. 3. Construction engineer;
3. 4. Contractors and subcontractors; and
4. 5. The equipment procurement person-

nel; and

1. (G) Evidence of acquisition or lease of the site by the applicant. If the site is not owned or currently leased by the applicant, the applicant must disclose the plans for the acquisition or lease or other use of the site. 12 CSR 50-11

AUTHORITY: sections 313.580.1 and 313.632, RSMo 1986.* Original rule filed June 17, 1986, effective Oct. 27, 1986. Amended: Filed June 6, 1989, effective Aug. 24, 1989. *Original authority: 313.580, RSMo 1986; 313.632, RSMo 1986.