Downtown Façade Improvement Grant Fund Application Information Session 2 March 13, 2014
Feb 26, 2016
Downtown Façade Improvement Grant Fund Application Information Session 2
March 13, 2014
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Agenda• Introduction• About the Fund• Program Objectives• Eligibility and Requirements• Priority Areas• Technical Assistance Providers• Project Timeline• Program Fees• Program Contacts• Questions and Answers
Downtown Façade Improvement Grant Fund
Fund Manager: Invest Atlanta
Funding Source: Up to $5 million of WTAD and ETAD Increment
Purpose: To facilitate the investment in commercial properties in the Eastside and
Westside TADs that will result in quality of life enhancements in
Downtown.
Grant Amounts: Commercial property owners are eligible to receive from $20,000-$400,000 per property. Business owners are eligible to receive from $5,000-$200,000 per property.
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DFIG Objectives
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• Enhance the appearance of commercial areas• Create safer and more stable neighborhoods• Help businesses attract customers and generate
increased revenues• Support the Atlanta Streetcar and generate ridership• Improve the MLK, Joseph E. Boone and Donald Lee
Hollowell commercial corridors • Leverage private investment• Fund projects with critical mass• Complement other community revitalization efforts
DFIG Eligibility and Requirements
Eligibility:• Commercial properties in the Eastside and Westside TADs• Businesses in the eligible area with consent from the property owner (must
have at least 5 years remaining on the lease from the application approval)• Properties less than 80,000 sf• Properties on the tax role
Requirements:• Selected applicants MUST invest 33.33% of the cost of the project up front• Design concepts must be in accordance with area regulations, codes,
ordinances and design standards set forth by the City
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DFIG Eligibility and Requirements
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• Capital improvements visible from public right of way– Painting– Lighting– Windows– Doors– Stucco/brick/tile – Historic restoration
• Associated soft costs/services– Planning/design/engineering, legal, GC fees,
contingencies
– Canopies– Awnings– Sidewalk repair– Front/side patios– Signage– Landscaping
DFIG Eligibility and Requirements
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• Successful applications will include the following:– Project description and purpose– Property owner consent (where
applicable)– Designs/renderings/concept drawings– Preliminary construction estimate
provided by a building professional• Architect/Engineer/General Contractor
– Financial sources for applicant’s 33.33%– Project timeline
DFIG Application Process
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Application Released by Invest
Atlanta
Application Informational
Session
Technical Assistance
Application Due to Invest Atlanta
Application Reviewed and
Selected by Invest Atlanta
IA Board ApprovalApplicant is
provided terms to begin Phase II
Invest Atlanta set closing
Project Construction Commences
Technical Assistance Providers
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The Epsten Group, Inc.
Primary Contact: Pete Choquette
Gardner, Spencer, Smith, Tench and
JarbeauPrimary Contact: Joe
Gardner
Pimsler-Hoss Architects, Inc.
Primary Contact:Randy Pimsler
Square Feet Studios
Primary Contact: Vivian and John
Bencich
Surber, Barber, Choate and Hertlein
Architects, P.C.Primary Contact: Dennis Hertlein
Program Fees
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• Application fee $250• Technical Assistance engagement fee
$100• Administrative fee $2,500
– Due at financial closing of grant for selected applicants
DFIG TimelineFebruary 24, 2014 Application ReleasedMarch 6, 2014 Information SessionMarch 13, 2014 Information Session#2March 14, 2014 Inquiries due to IAMarch 21, 2014 Responses to Inquires postedApril 24, 2014 Applications due to IA by 5:00 PMMay 27, 2014 Notification of Selected ApplicantsJune 19, 2014 Invest Atlanta Board of Directors ApprovalJuly 17, 2014 Grant Agreements Executed
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DFIG Primary ContactsS. Tarnace Watkins- Program Manager Email: [email protected]: (404) 614-8332
Chris Leutzinger- Real Estate Development SpecialistEmail: [email protected]: (404) 614-8330
Courtney Knight-Managing Director, [email protected]: (404) 614-8339
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Questions and Answers
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