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XV. INELIGIBLE COSTS (LOAN PROGRAM) <br />The following costs are ineligible: <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 />XVI. GRANT PROGRAM <br />In order to encourage building façade and streetscape improvements that are more aesthetic in <br />nature, grants between $2,000 and $10,000 are available provided there is a 1:1 match of private <br />investment. For example, to qualify for a grant of $2,000, a total of $4,000 must be spent. For a <br />$20,000 project, a maximum of $10,000 in grant money may be awarded. <br />Multiple grants are permitted consistent with the above outlined formula, but shall not exceed <br />$10,000 per project, or a total of $10,000 per property, in a 5-year period. The EDA will consider <br />exceptions if there are monies available. <br />For signage, 50% of the cost toward the sign will be paid on day one and the other 50% will be <br />paid after one year, on day 366 if the business is still operational. <br />XVII. ELIGIBLE COSTS (GRANT PROGRAM) <br />The following are eligible expenses for either the public or private sector (matching) portion of <br />the grant. <br />Generally, all work on front and sides of commercial buildings facing public streets. <br /> Façade masonry repairs <br /> Repairing, replacing and installing of cornices, entrances, exterior doors and windows, <br />decorative details, awnings and exterior lighting <br /> New signage <br /> Sign removal, repairing and replacement <br /> Building identification <br /> Streetscape costs on private property <br /> Landscaping visible from the street <br /> Decks or patios used for business purposes <br /> <br />9 <br /> <br />