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Property Enhancement Incentive Programs March 6, 2014 Dallas, TX 1
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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
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Presentation Overview Purpose of programs Types of Enhancements Eligibility factors Targeted Areas / Businesses Funding Options / Grants Evaluation Procedures Case studies 3 Introduction
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Purpose & Intent Promote Economic Development Revitalize existing commercial areas Increase values of property Assist existing or new businesses Support unique architectural style 4
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Façade Windows Paint Awnings Brick / stone 5 Types of Enhancements
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Landscaping Removal of old plants New plants / trees Irrigation Accent lighting 6 Types of Enhancements
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Signage Removal of pole signs New signage Changes in lighting Relocation 7 Types of Enhancements
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Parking & Drives Remove or relocate existing drives New parking paving Resurfacing / striping 8 Types of Enhancements
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Pedestrian Amenities Benches / porch swings Umbrellas Front porch Window boxes Gazebos Trellises 9 Types of Enhancements
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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
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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
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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
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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
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Targeted Areas / Businesses Downtown revitalization Main commercial corridors Entry portals to community Certain types of businesses – Retail, restaurants, grocery, 14 Policy Components
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Funding Options CDBG Grants – Arlington Econ. Devel. Incentive (EDI) funds from HUD Main Street Programs General Fund EDC if authorized 15 Funding
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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
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Procedures Pre-submittal meetings Application Staff review & evaluation Approval Notice to proceed Verification Payment Celebration! 17 Policy Components
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Case Studies North Richland Hills Denton Balch Springs 18
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Thanks! Greg Last CED, AICP, RLA Chief Executive Officer (817) 992-6156 EDTBestPractices.com glast@EDTBestPractices.com 19 Craig Hulse - North Richland Hills – Director of Economic Development – (817) 427-6091 – chulse@nrhtx.com chulse@nrhtx.com Julie Glover - Denton – Econ. Development Program Administrator – (940) 349-7732 – julie.glover@cityofDenton.com julie.glover@cityofDenton.com John Hubbard - Balch Springs EDC – Executive Director – (972) 913-3009 – jhubbard@cityofbalchSprings.com jhubbard@cityofbalchSprings.com
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