REDEVELOPMENT INCENTIVE POLICY FOR PLANNED DEVELOPMENT 169 (PD 169)
Performance-based Matching Grant
The Program is sponsored by the City to provide development incentives for residential and commercial property owners in PD 169 for the replacement of existing development with redevelopment of a site or infill development of vacant lot(s). Any improvements must enhance the tax base related to the residential/commercial properties and surrounding development. The incentives are limited to reimbursement of development fees. Each application is determined on a case by case approach.
Application and Approval Process:
Redevelopment Incentive for PD 169 Application
SIGN INCENTIVE PROGRAM FOR PD 169
The Program is sponsored by the City to provide financial incentives to existing commercial property owners in PD 169 for sign replacements/upgrades. Improvements/upgrades to the existing signage must enhance the tax base related to the commercial properties and surrounding development. The Program is retention-based with the goal of replacing the existing signage for aesthetic appeal. Each application is determined on a case by case approach.
The Program is a performance-based grant program. If a grant is to be utilized, the City may elect to make a grant in an amount up to 100% of the cost of the improvements (refer to eligible expenses below); such grant of public funds may not exceed $4000 for monument signs and $2000 for wall signs for each grantee.
Acceptable Categories of Improvements
The following are the eligible expenses:
Grant incentives will consist primarily of cash payments payable upon successful completion of all sign improvements as outlined in the Incentive Agreement to be entered into between the City and the owner/tenant of the commercial property receiving the grant.
Sign Incentive Application
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