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Urban Renewal Resolution 2013-03 Grant and Loan Program requirementsURBAN RENEWAL RESOLUTION NO. 2013-03 A RESOLUTION READOPTING THE URBAN RENEWAL GRANT AND LOAN PROGRAM REQUIREMENTS WHEREAS, with the adoption Renewal Agency Board established Program in February 2011; and of resolution 2011-01, the Urban the Downtown Grant and Loan WHEREAS, in 2013 the Urban Renewal Agency Board expanded the Grant and Loan Program to properties along Young Street and at the Young/Highway 99E as specified herein; and WHEREAS, the Urban Renewal Grant and Loan Program includes procedures and requirements; and WHEREAS, The Downtown Advisory Review Subcommittee has recommended that the current Urban Renewal Grant and Loan Program Requirements be modified to make residential properties ineligible for interior grants and to limit funding for signs to sign hardware and installation; NOW, THEREFORE, THE WOODBURN URBAN RENEWAL AGENCY RESOLVES AS FOLLOWS: Section 1. The Grant and Loan Program Requirements are readopted and are attached to this resolution as Exhibit "A". Approved as to Form: City Attorney Passed by the Agency Submitted to the Chair Approved by the Chair 10— z� "Z` is Date ATTEST:�� �1 E Heather Pierson, City Recorder City of Woodburn, Oregon Page 1 - RESOLUTION NO. 2013-03 Exhibit "A" Woodburn Urban Renewal Agency Downtown Grant and Loan Requirements Program Requirements 1) Projects must be located within the Urban Renewal & Downtown Development and Conservation Districts as identified below. 2) The applicant, after meeting with staff to discuss the proposed project, shall submit a completed Downtown Grant and Loan application and all supplemental materials provided. 3) Projects assisted by this program are to be rehabilitation and renovation projects showing significant improvement to the property and must be compatible with the downtown streetscape. 4) Exterior projects shall: • Comply with the City of Woodburn Downtown Architectural Design and Signage Standards. • Shall work towards restoring the building as closely to its original design as possible. • Shall be designed, constructed, and maintained to compliment and accept the architectural features of the building. All accessories, signs, awnings, etc. shall likewise compliment the overall character of the building. 5) Grants are available for up to $10,000 for exterior renovation and up to $5,000 for interior renovation. 6) Loans are available to property owners in amounts up to $25,000 and are secured by a Trust Deed in the amount of the loan. 7) Applications may be made for a combination of grant and loan funds. Eligible Projects: The following list is not exhaustive, but covers the majority of types of exterior projects that are eligible: _ADA accessibility -Awnings/canopies _Code deficiencies _Cornices _Design & architectural services (up to $1,000) Electrical _Energy efficient upgrades (some restrictions apply) _Environmental remediation _Exterior lighting _Exterior painting and cleaning _Gutters & downspouts Page 2 - RESOLUTION NO. 2013-03 _HVAC Permits _Plumbing _Sign installation and hardware _Seismic _Storefronts —Re-pointing _Replacement of missing decorative features Removal of non-historic materials or additions _Roofing Windows Ineligible Activities: _Administrative costs or payments to borrower for direct labor costs _Building acquisition _Improvements to non-public faces of buildings _Improvements to interiors of single/multifamily residential properties _Inventory or other working capital _Landscape improvements _ Property maintenance _ Work (wages) not performed by a licensed contractor 8) There is a 50/50 match requirement required for the Grant program. Invoices must be submitted for reimbursement. No grant money will be disbursed until the project is completed and is approved by the Agency. 9) Grant and loan funds cannot be used for any work commenced or completed prior to project approval. 10) Grant and loan funds may be used for materials and services provided by licensed contractors. 1 1) All necessary building, electrical, plumbing permits must be obtained and work inspected and approved. 12) Grants and loans are dependent upon the availability of funds and must be reviewed and approved by the Downtown Advisory Review Subcommittee and the Urban Renewal Agency Board. 13) Projects shall be completed within one year of approval in order to be eligible for reimbursement. Grants provide for a single payment after receipts are provided and all completed work is accepted by the City. 14) The Urban Renewal Agency Board may grant one b month extension for work to be completed under this program. The applicant must submit a written request for the extension and provide justification for the Board's consideration. Page 3 - RESOLUTION NO. 2013-03 15) All work will be done by licensed contractors and the applicant needs to provide at least three bids for every aspect of work greater than $2,500. 16) Business and/or property owners may reapply for grant and/or loan funds until the grant and/or loan limit is reached. They must then wait 12 months to reapply. 17) After grant and loan limits have been reached on the property, business and/or property owners may reapply for grant and/or loan funds every 12 months for the same property 18) Grant and loan funds are limited to physical improvements to the downtown buildings themselves. Non -permanent improvements, such as purchasing new equipment, do not qualify for this program. 19) The Downtown Advisory Review Subcommittee may authorize increased to approved grant and/or loan request when project costs rise above original estimates. 20) Requests must be made in writing, must include specific documentation, and are to be submitted prior to commencement of work on the requested project element(s). 21) All requests are subject to available funds. 22) Project scope remains consistent with the originally approved project, and the request is not associated with a new project element. 23) Overall project cost cannot exceed grant and loan fund limitations. Maximum exterior and interior grants are limited to $10,000 & $5,000 respectively. Maximum loan amounts cannot exceed $25,000. 24) Property owners may request to convert an Urban Renewal grant into a loan. Upon approval of the Downtown Advisory Review Subcommittee, the property owner must separately apply and qualify for a loan through the Mid -Willamette Council of Governments. 25) The Downtown Advisory Review Subcommittee's action shall appear on the Urban Renewal Agency consent agenda as an informal item. Page 4 - RESOLUTION NO. 2013-03