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URA Resolution 2014-03URBAN RENEWAL RESOLUTION NO. 2014-03 A RESOLUTION AMENDING THE DOWNTOWN GRANT AND LOAN PROGRAM TO PROVIDE LARGE RENOVATION GRANTS FOR SIGNIFICANT PROJECTS WITHIN THE URBAN RENEWAL DISTRICT AS SPECIFIED HEREIN WHEREAS, the City adopted the Downtown Development Plan in 1997, which envisioned a series of improvements and actions intended to reinvigorate Woodburn's historic downtown; and WHEREAS, in 2001 the City created the Woodburn Urban Renewal Agency and adopted the Urban Renewal Plan, which further recognizes the importance of physically improving the appearance of properties within the renewal area; and WHEREAS, in 2010, the Downtown Development Plan Update recognized the need to reinvigorate downtown Woodburn and recommended leveraging urban renewal funds with private funds to create investment through a Downtown Grant and Loan Program; and WHEREAS, in 2011, the Woodburn Urban Renewal Agency adopted a Urban Renewal Grant and Loan Program for a designated area in downtown Woodburn; and WHEREAS, in 2013, the Urban Renewal Agency Board expanded the Grant and Loan Program to properties along Young Street and at the Young Street/ 99E Highway; and WHEREAS, the Urban Renewal Agency Board wants to further leverage private investment in Woodburn's historic downtown by increasing funding projects which have a significant economic impact on the downtown; NOW, THEREFORE, THE WOODBURN URBAN RENEWAL AGENCY RESOLVES AS FOLLOWS: Section 1. The Downtown Grant and Loan Program, established by Urban Renewal Resolution 2011-01, is amended to provide large renovation grants up to $50,000 for significant projects located in the Downtown Development and Conservation (DDC) Zoning District and subject to the policies and procedures set forth in the attached Exhibit "A". Page 1- Urban Renewal Resolution 2014-03 Approved as to Form: • " / o o City Attorney 0120, Passed by the Agency Submitted to the Chair Approved by the Chair ATTEST:LtW � . v Heather Pierson, City Recorder City of Woodburn, Oregon Page 2- Urban Renewal Resolution 2014-03 -�L I q 2� Date � 1•..�v-k.20 o y X5 2014 (Exhibit A) LARGE RENOVATION GRANT POLICIES & PROCEDURES Large Renovation Grants offer property and business owners the opportunity to complete large renovation projects on commercial and mixed-use properties located in downtown Woodburn. These grants provide a match of the applicant's private investment in the project to significantly increase the scale and benefit of the improvements. Large Renovation Grants may range between $10,000 and $50,000 in matching funds. POLICIES Program Eligibility 1. Grants are available for up to $50,000 for complete renovation projects. Grants are subject to the availability of funds. 2. Business and property owners are eligible to apply for grants. 3. Properties must be located in the Downtown Development and Conservation District (DDC). 4. Grants are available for commercial or mixed-use properties only. Residential properties do not qualify for grants. 5. There is a minimum of 1:1 leverage ratio of private investment to public investment. 6. All work requiring permits must be performed by licensed contractors. 7. All work must commence after project approval. Work completed prior to approval is ineligible for funding. 8. Building improvements shall be completed within one year of approval. Project Eligibility 1. Funding may be used for materials and work performed by Applicant's contractor. 2. Funds are limited to physical improvements to the buildings. Improvements may include, but not limited to, the following: a. ADA accessibility h. Gutters b. Awnings/canopies L HVAC c. Code deficiencies j. Lighting d. Cornices k. Painting e. Electrical I. Permits f. Energy efficient upgrades m. Plumbing g. Environmental remediation n. Seismic Renovation Grant o. Storefronts q. Roofing p. Repointing r. Windows 3. Applications will be evaluated by the following criteria: a. Eliminates conditions of blight — Addresses blighted conditions, including underutilized land and/or deteriorated buildings and structures b. Promotes economic development — Enhances the property's aesthetics, making it a better place to live, work, or seek entertainment c. Creates jobs — Brings new employers and employment opportunities to the Woodburn community d. Community benefits — Creates amenities for the Woodburn community e. Physical impact — Improves the attractiveness of the property and downtown PROCEDURES Application Process 1. The applicant must submit a completed application. 2. The City will perform a site inspection and take photos of the property. 3. The Downtown Advisory Review Subcommittee (DARS) will meet to review applications to make recommendations to the Urban Renewal Agency Board (Agency). 4. The Agency will review applications at regularly scheduled meetings for final approval. Reimbursement Process 1. Upon approval by the Agency, the Applicant shall sign a Grant Agreement. 2. Upon conclusion of the project, the Applicant shall schedule a City inspection and sign a Completed Work Statement. 3. Invoices and a W-9 must be submitted for reimbursement. No grant money will be disbursed until the project is completed and approved by the Agency. SIX MONTH EXTENSIONS & PROJECT CREDIT 1. The Agency may grant one six month extension per grant. The Applicant must submit a written request for the extension and provide justification for the Agency's consideration. 2. Applicants may receive credit on past renovations that were made without grant funding, at the Agency's discretion. The request must meet the Agency's Large Renovation Grants evaluation criteria and be completed within twelve (12) months of the request. The Applicant must submit a written request and provide documentation of improvements for the Agency's consideration. Page 2