Property Enhancement Incentive Programs March 6, 2014 Dallas, TX 1.

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Presentation transcript:

Property Enhancement Incentive Programs March 6, 2014 Dallas, TX 1

Panel Participants 2 Introduction Craig Hulse – City of North Richland Hills – Director of Economic Development Julie Glover – City of Denton – Econ. Development Program Administrator John Hubbard – Balch Springs EDC – Executive Director Greg Last – EDTBestPractices, LLC

Presentation Overview Purpose of programs Types of Enhancements Eligibility factors Targeted Areas / Businesses Funding Options / Grants Evaluation Procedures Case studies 3 Introduction

Purpose & Intent Promote Economic Development Revitalize existing commercial areas Increase values of property Assist existing or new businesses Support unique architectural style 4

Façade Windows Paint Awnings Brick / stone 5 Types of Enhancements

Landscaping Removal of old plants New plants / trees Irrigation Accent lighting 6 Types of Enhancements

Signage Removal of pole signs New signage Changes in lighting Relocation 7 Types of Enhancements

Parking & Drives Remove or relocate existing drives New parking paving Resurfacing / striping 8 Types of Enhancements

Pedestrian Amenities Benches / porch swings Umbrellas Front porch Window boxes Gazebos Trellises 9 Types of Enhancements

Participants Eligible: – Sole proprietors, for-profit, non-profit, no taxes or debt owed to City, in business 3 years Ineligible: – Government agencies, residences, home businesses, on the CDBG Bad list 10 Policy Components

Eligible Improvements Fixing code violation, ADA, windows, doors, façade materials, awnings, canopies, painting, repairing masonry or stucco, signage, lighting, walkways / entryways, drainage, parking resurfacing / striping, fencing, landscaping, tenant improvements, equipment, roof repair, security / alarm system, gutters / downspouts, power washing 11 Policy Components

Ineligible Improvements Playground or recreational equipment, outdoor dining / seating, structural changes, additions more than 20%, “sweat equity”, unlicensed contract work, new commercial construction, burglar bars, interior remodel 12 Policy Components

Properties Eligible: – Within City limits, zoned for commercial use, multi-tenant properties, new work Ineligible: – Residential properties, check cashing, bars, taverns, liquor stores, gun shops, tattoo parlors, pawnshops, SOB, 13 Policy Components

Targeted Areas / Businesses Downtown revitalization Main commercial corridors Entry portals to community Certain types of businesses – Retail, restaurants, grocery, 14 Policy Components

Funding Options CDBG Grants – Arlington Econ. Devel. Incentive (EDI) funds from HUD Main Street Programs General Fund EDC if authorized 15 Funding

Priorities Within targeted areas Targeted business No ability to receive private funding Those that are ready to begin work Length of time in business Vacant / unoccupied properties Tax revenue projections / ROI 16 Policy Components

Procedures Pre-submittal meetings Application Staff review & evaluation Approval Notice to proceed Verification Payment Celebration! 17 Policy Components

Case Studies North Richland Hills Denton Balch Springs 18

Thanks! Greg Last CED, AICP, RLA Chief Executive Officer (817) EDTBestPractices.com 19 Craig Hulse - North Richland Hills – Director of Economic Development – (817) – Julie Glover - Denton – Econ. Development Program Administrator – (940) – John Hubbard - Balch Springs EDC – Executive Director – (972) –