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LXIi113I'1~ A <br />Program llescription <br />I he ;~r~anization steal[ provide the followin<~ services aad programs: <br />I~',~a~~~c~~ iVdatching Grant Program - latablish a program designed to <br />cnax~rage private inv°estment by commercial, industrial, and mixed use property <br />owners or lessees on the Corridor_ Commercial property includes property used <br />prim<u~ily for (i~r-profit, nonprofit, or reli~~ious activities. 'hhe program goal is to <br />promote exterior improvements that enhance the appearance, value and character <br />of the property. The program is not intended to support deferred maintenance. <br />Lessees must provide w~rittcn proof that the property owner has authorized the <br />proposed imj~rovcmcnts. The program shall require: <br />i ~) A maximum of one grant per propcrt}~ address per year. <br />(?) A matching public investment not to exceed seventy Live percent <br />~7~%) of the total project cost. The maximum grant shall not <br />exceed twenty thousand dollars 020.000}. <br />(3) Projects that create a noticeable visual improvement to the <br />Corridor and arc consistent ~,vith the revitalization action plan for <br />the Corridor approved b~ the Contract Administrator. <br />(~1) T be eligible, the subject property must hay-c proper insurance and <br />ire current on property taxes. <br />~` C,_ minimum of two (?) estimates from licensed contractors <br />~- <br />detailing the sa~pe of tivorl: with itemized prices must be obtained <br />bct~~re a project fs approved. Applicants may bid for work on their <br />ow^ grant project if the;' arc licensed andlor qualified to perform <br />the work. f loweva~. ~~hen scrvina as their n.,vn contractor. <br />applicants will not be reimbursed for labor related costs. <br />(6) l3ci~ore anv work is commenced. any required building or sign <br />permits for the grant project iuust be obtain for an applicant to <br />continue to be eligible for the pro~~ram. <br />(7) Specific program guidelines must be established, which clearly <br />establish the grant process and schedule. <br />(mil ~'o funds nuiv be disbursed for a ~arant unless pursutu~t to a ~~ritten <br />c~~nu~act ~~hich ~~ro~~idcd for default conditions consistent wide the <br />