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Façade Improvement ProgramMay 20, 2002The Paw Paw Downtown Development Authority (DDA) was created to promote and enhance the commercial core of the community, to preserve the public investment in this area and to improve the viability of businesses within the DDA District. To encourage business and property owners to improve and maintain building facades and recognizing the public nature of the facades in the District, the DDA has made available the following programs:A. Paint only program. The DDA may match the property or business owner for the cost of paint and labor on a 50/50 basis up to $1,000 maximum. Paint colors must meet the general guidelines of the DDA for consistency in the District. All buildings in the District qualify for this program including residential homes. Purchase of paint from a business within the District qualifies the applicant for an additional 5% participation from the DDA above the guidelines previously stated. B. Repair and Restoration. The DDA may provide up to 1/3 of the funding for a façade restoration project that may include work such as painting, window repair, replacement of siding, minor tuck pointing, brick replacement, etc. Projects must be approved by the Design and Presentation Committee for conformity with any approved design criteria and overall consistency with the character of the District. Maximum funding for projects would be $5,000. Purchase of materials or services from a business within the District qualifies the applicant for an additional 5% participation from the DDA above the program guidelines previously stated.C. Façade Renovation. Upon approval from the Design and Presentation Committee, the DDA may loan up to $10,000 to a property or business owner for a project in excess of $15,000.Terms of the loan will be set to provide an incentive to the property or business owner and typical terms shall provide for an interest rate of 2% below prime, a 7 year amortization period. At the discretion of the Design and Presentation Committee, purchase of materials or services from a business within the District qualifies the applicant foe additional consideration in the terms of the loan, such as increasing the amortization period. These programs are contingent upon availability of budgeted funds and will be awarded on a first come first served basis. The Downtown Development Authority reserves the right to revise or end these programs at any time and in no way guarantees availability of funding for any specific project or at any given time.
Façade Improvement Program
May 20, 2002
The Paw Paw Downtown Development Authority (DDA) was created to promote and enhance the commercial core of the community, to preserve the public investment in this area and to improve the viability of businesses within the DDA District. To encourage business and property owners to improve and maintain building facades and recognizing the public nature of the facades in the District, the DDA has made available the following programs:
B. Repair and Restoration. The DDA may provide up to 1/3 of the funding for a façade restoration project that may include work such as painting, window repair, replacement of siding, minor tuck pointing, brick replacement, etc. Projects must be approved by the Design and Presentation Committee for conformity with any approved design criteria and overall consistency with the character of the District. Maximum funding for projects would be $5,000. Purchase of materials or services from a business within the District qualifies the applicant for an additional 5% participation from the DDA above the program guidelines previously stated.C.
These programs are contingent upon availability of budgeted funds and will be awarded on a first come first served basis. The Downtown Development Authority reserves the right to revise or end these programs at any time and in no way guarantees availability of funding for any specific project or at any given time.
