The matching grant program is funded by an allocation of funds from the Business Improvement District (BID). BID is funded through an assessment system that levies a special assessment against property owners within the Business Improvement District.
All taxable commercial and mixed-use properties contributing to and located within the Business Improvement District are eligible for this program, with the exception of publicly owned buildings. All properties must be in conforming use under the City’s zoning ordinance except a commercial use that is non-conforming due to lot, bulk, or yard requirements and/or for which a variance has been granted. For the purpose of these programs, no income producing residential properties will be considered as commercial properties. Properties will not be eligible if any special improvement district or property assessments are not paid to date. Grants will only be given for buildings with outstanding building code violations if the grant is primarily intended to reverse those code violations as a first priority. Only one grant per year per property owner and or tenant per building or address will be allowed. Grant application must be received before work begins. The same grant can only be awarded to the same recipient every 3 years. This is meant to encourage a larger number of businesses receiving grants.
Owners, leasers, or a joint venture of these two parties may submit an application under this grant program. Tenants must submit written approval of the property owner and evidence of their leasehold interest.
To be formally considered for a grant request, an application must be completed in full and submitted to the BID via email to firstname.lastname@example.org on or before the due date.
BID Executive Director or equivalent shall review submittals to determine that all information is complete and accurate. The BID Executive Committee or the DJI Economic Vitality Committee with BID Board will then review all applications to assure compliance with the Design Guidelines. Applicants are notified of grant awarded. Once approved (with or without modifications), the project must be adhered to plan submitted. Should an applicant deviate substantially from the approved plan, the BID will not release the grant money.
If all the following conditions are met, the BID will provide the applicant with a certificate of completion indicating that the applicant has acted in good faith and has completed the project satisfactorily and BID will release a check made out to the applicant to the amount agreed upon in the contract. Certificates of completion will be released when:
- Applicant supplies documentation that any permits required under the City’s Building and Zoning Codes have been taken out.
- All work is completed within the time period agreed upon or amended between the applicant and BID.
- All work completed follows the agreed upon design.
- Documentation of Applicants matching investment must be supplied.