Property Enhancement Incentive Programs March 6, 2014 Dallas, TX 1.
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Transcript of Property Enhancement Incentive Programs March 6, 2014 Dallas, TX 1.
1
Property Enhancement Incentive Programs
March 6, 2014Dallas, TX
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
19
Thanks!
Greg LastCED, AICP, RLA
Chief Executive Officer
(817) 992-6156EDTBestPractices.com
• Craig Hulse - North Richland Hills– Director of Economic Development– (817) 427-6091– [email protected]
• Julie Glover - Denton– Econ. Development Program Administrator– (940) 349-7732– [email protected]
• John Hubbard - Balch Springs EDC– Executive Director– (972) 913-3009– [email protected]