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R2008-01 AMENDING TAX INCREMENT FINANCE DISTRICT MANUAL
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R2008-01 AMENDING TAX INCREMENT FINANCE DISTRICT MANUAL
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10/23/2015 2:34:20 PM
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10/23/2015 2:34:19 PM
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Resolution/Ordinance
Res Ord Num
R2008-01
Res Ord Title
AMENDING TAX INCREMENT FINANCE DISTRICT MANUAL FOR NEAR WEST REHABILITATION PROGRAM AREA - LAND SALES CONTRACT PROPERTIES
Approved Date
1/22/2008
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Commercial Rehabilitation Program <br /> The City of Decatur Commercial Rehabilitation Program will provide forgivable building <br /> rehabilitation/improvement funds to owners of commercial properties located on West Main j <br /> Street Corridor. The goals of the program are to preserve commercial properties, stabilize or I <br /> increase property values, and provide an incentive for rehabilitation. This program is an I <br /> expansion of the Residential Rehabilitation Program and unless noted otherwise, all of the I <br /> standards, criteria, incentive amounts, and guidelines for the Residential Rehabilitation Program ', <br /> apply to the Commercial Rehabilitation Program. '�, <br /> Project Unit Eli i�bility I, <br /> For a commercial property to be eligible for the TIF program, the residential guidelines apply to , <br /> this program with the exception of: <br /> • Properties not containing one residential unit are eligible <br /> • Projects that increase residential density will be reviewed on a case-by-case basis <br /> E�ible Costs <br /> Eligible exterior improvements include but are not limited to: <br /> • Front,rear, and side facades <br />� • Signage <br /> • Accent tiling and striping <br /> • Landscaping/Retaining Walls <br /> • Painting (exterior) <br /> • Doors and windows <br /> • Awnings <br /> • Private sidewalks <br /> • Accessibility improvements <br /> • Parking (On lot or adjacent property only) <br /> • Roof repairs <br /> • Lighting <br /> Eligible interior improvements are limited to repairs that address code deficiencies. <br /> Ineligible Costs <br /> Ineligible costs include but are not limited to: <br /> • Temporary improvements <br /> • Security systems <br /> • Appliances and fixtures not permanently attached to the structure <br /> • New construction and additions <br /> 13 <br />
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