Downtown fa ade improvement grant fund application information session 2
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Downtown Façade Improvement Grant Fund Application Information Session 2. March 13, 2014. Agenda. Introduction About the Fund Program Objectives Eligibility and Requirements Priority Areas Technical Assistance Providers Project Timeline Program Fees Program Contacts

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Downtown fa ade improvement grant fund application information session 2

Downtown Façade Improvement Grant Fund Application Information Session 2

March 13, 2014


Agenda
Agenda Information

  • Introduction

  • About the Fund

  • Program Objectives

  • Eligibility and Requirements

  • Priority Areas

  • Technical Assistance Providers

  • Project Timeline

  • Program Fees

  • Program Contacts

  • Questions and Answers



Dfig objectives
DFIG Objectives Information

  • Enhance the appearance of commercial areas

  • Create safer and more stable neighborhoods

  • Help businesses attract customers and generate increased revenues

  • Support the Atlanta Streetcar and generate ridership

  • Improve the MLK, Joseph E. Boone and Donald Lee Hollowell commercial corridors

  • Leverage private investment

  • Fund projects with critical mass

  • Complement other community revitalization efforts


Dfig eligibility and requirements
DFIG Eligibility and Requirements Information

Eligibility:

  • Commercial properties in the Eastside and Westside TADs

  • Businesses in the eligible area with consent from the property owner (must have at least 5 years remaining on the lease from the application approval)

  • Properties less than 80,000 sf

  • Properties on the tax role

    Requirements:

  • Selected applicants MUST invest 33.33% of the cost of the project up front

  • Design concepts must be in accordance with area regulations, codes, ordinances and design standards set forth by the City


Dfig eligibility and requirements1
DFIG Eligibility and Requirements Information

  • Capital improvements visible from public right of way

    • Painting

    • Lighting

    • Windows

    • Doors

    • Stucco/brick/tile

    • Historic restoration

  • Associated soft costs/services

    • Planning/design/engineering, legal, GC fees, contingencies

  • Canopies

  • Awnings

  • Sidewalk repair

  • Front/side patios

  • Signage

  • Landscaping


Dfig eligibility and requirements2
DFIG Eligibility and Requirements Information

  • Successful applications will include the following:

    • Project description and purpose

    • Property owner consent (where applicable)

    • Designs/renderings/concept drawings

    • Preliminary construction estimate provided by a building professional

      • Architect/Engineer/General Contractor

    • Financial sources for applicant’s 33.33%

    • Project timeline




Program fees
Program Fees Information

  • Application fee $250

  • Technical Assistance engagement fee $100

  • Administrative fee $2,500

    • Due at financial closing of grant for selected applicants


Dfig timeline
DFIG Timeline Information

February 24, 2014 Application Released

March 6, 2014 Information Session

March 13, 2014 Information Session#2

March 14, 2014 Inquiries due to IA

March 21, 2014 Responses to Inquires posted

April 24, 2014Applications due to IA by 5:00 PM

May 27, 2014 Notification of Selected Applicants

June 19, 2014 Invest Atlanta Board of Directors Approval

July 17, 2014 Grant Agreements Executed


Dfig primary contacts
DFIG Primary Contacts Information

S. Tarnace Watkins- Program Manager

Email: twatkins@investatlanta.com

P: (404) 614-8332

Chris Leutzinger- Real Estate Development Specialist

Email: cleutzinger@investatlanta.com

P: (404) 614-8330

Courtney Knight-Managing Director, cknight@investatlanta.com

P: (404) 614-8339