Agreement - Urban Enterprise Assoc of SB - Neighborhood Scale Development Matching Grant Program

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EXHIBIT A Program Description The Organization shall provide the following services and programs: Neighborhood -Scale Development Matching Grant Program — Establish a program designed to encourage private investment by commercial, industrial, and mixed use property owners or lessees in the Neighborhood Centers. The program goal is to promote exterior improvements that enhance the appearance, value, and character of the property and support the business environment and vitality of the Neighborhood Center. Lessees must provide written proof that the property owner has authorized the proposed improvements. The program shall require: (1) A maximum of one grant per property address. (2) A private investment of at least forty thousand dollars ($40,000), which may include the cost of improvements made to the interior of a building. (3) A matching public investment not to exceed fifty percent (50%) of the total project cost. The maximum grant shall not exceed two hundred thousand dollars ($200,000). (4) Projects that create a significant visual improvement to the Neighborhood Centers and are consistent with any revitalization plan adopted by the City. (5) To be eligible, the subject property must be current on property taxes. (6) A minimum of two (2) estimates from licensed contractors detailing the scope of work with itemized prices must be obtained before a project is approved. Applicants may bid 1vr wolk on tllelr own grant project if they are licensed and/or qualified to perform the work. However, when serving as their own contractor, applicants will not be reimbursed for labor related costs. (7) Before any work is commenced, any required building or sign permits for the grant project must be obtained for an applicant to continue to be eligible for the program. (8) Specific program guidelines must be established, which clearly establish the grant process.