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2023-08-16 EDA Packet
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2023-08-16 EDA Packet
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8/11/2023 10:24:57 AM
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The following may be funded with the private sector (matching) funds portion only; <br /> Any of the items listed as grant-eligible, above. <br /> Parking lot improvements <br /> Handicapped accessibility improvements <br /> Health and safety improvements <br /> <br />XVIII. INELIGIBLE COSTS (GRANT PROGRAM) <br /> <br />The following costs are ineligible: <br /> Heating, ventilating and air conditioning improvements <br /> Wall and floor finishes and tenant business owner(s) fixtures <br /> Roof repairs and replacement <br /> Refinancing of existing debts <br /> Non-fixed improvements <br /> Working capital <br /> Inventory <br /> Sweat equity (payment for the applicantÓs own labor and performance for construction of <br />improvements) <br /> Internal improvements to mixed use buildings that involve the residential portion of the <br />structure <br /> <br /> <br />Prior to incurring expenses for which a grant is sought, applicants must have the proposed work <br />approved in writing by the City EDA staff. Grant monies are not available for Ðsweat equityÑ. <br />Grants will be distributed upon final inspection by the City and submittal of a paid invoice. <br /> <br /> <br />10 <br /> <br />
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