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Property Enhancement Incentive Programs

Property Enhancement Incentive Programs. March 6, 2014 Dallas, TX. Panel Participants. 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

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Property Enhancement Incentive Programs

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

  2. Panel Participants • 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 Introduction

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

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

  5. Façade • Windows • Paint • Awnings • Brick / stone Types of Enhancements

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

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

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

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

  10. 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 Policy Components

  11. 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 Policy Components

  12. 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 Policy Components

  13. 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, Policy Components

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

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

  16. 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 Policy Components

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

  18. Case Studies • North Richland Hills • Denton • Balch Springs

  19. Thanks! • Craig Hulse - North Richland Hills • Director of Economic Development • (817) 427-6091 • chulse@nrhtx.com • Julie Glover - Denton • Econ. Development Program Administrator • (940) 349-7732 • julie.glover@cityofDenton.com • John Hubbard - Balch Springs EDC • Executive Director • (972) 913-3009 • jhubbard@cityofbalchSprings.com (817) 992-6156 EDTBestPractices.com glast@EDTBestPractices.com Greg Last CED, AICP, RLA Chief Executive Officer

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