Explanation
This ordinance appropriates and transfers $250,000 within the General Permanent Improvements Fund and authorizes and directs the Director of Development to provide façade improvement grants under the Economic Development Division. The Façade Improvement Fund will provide dollars for small business façade improvements in Neighborhood Commercial Revitalization areas which include Franklinton, Hilltop, Main Street, Parsons Avenue, Long Street/Mount Vernon, Main Street and North/South Linden.
This incentive program aims to help small, independent businesses cover the cost of signage, awnings, and other basic exterior improvements. The grants can be used for exterior front façade renovation only and those improvements must be attached to the building. Projects may include one or several improvement elements such as signage, awnings, façade painting, window/door replacement and exterior lighting.
City Council deems this an appropriate use of the General Permanent Improvements Fund in its quest to continue to help small businesses throughout the city.
FISCAL IMPACT: Funds are available for this transfer within the unallocated balance of the General Permanent Improvements Fund.
Title
To authorize the appropriation and transfer of $250,000.00 within the General Permanent Improvements Fund; to authorize and direct the Director of Development to provide façade improvement grants under the Economic Development Division; to authorize the expenditure of $250,000.00 from the General Permanent Improvements Fund; and to declare an emergency. ($250,000.00)
Body
WHEREAS, the Façade Improvement Fund will provide dollars for small business façade improvements in Neighborhood Commercial Revitalization areas which include Franklinton, Hilltop, Main Street, Parsons Avenue, Long Street/Mount Vernon, Main Street and North/South Linden; and
WHEREAS, this incentive program aims to help small, independent businesses cover the cost of signage, awnings, and ...
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