(A) No eligible owner shall receive a grant established by this subchapter without a valid certification by the Economic Development Director that the reimbursement of demolition costs for abandoned or blighted property will improve the real estate value of the surrounding real estate.
(B) An eligible owner may qualify for a grant established in this subchapter by submitting a written application for it to the city with all the information required by the city, which shall include, without limitation:
(1) Information about the ownership of the real estate including providing a copy of the deed;
(2) The receipts for demolition costs;
(3) An explanation for how the demolition meets any of the following factors:
(a) Directly increase future revenue/job creation in the city;
(b) Significantly decrease blight within the city;
(c) The demolition will significantly increase the property tax value.
(C) An application for the grant established in this subchapter shall be reviewed by the Mayor, City Administrative Officer, and the Economic Development Director of the city for completeness, accuracy and compliance with this subchapter; but the Economic Development Director shall certify that said grant will benefit the citizens of the city and improve the property values of the city.
(D) An application shall be submitted with a plan, including purpose of the demolition, use of the property after the demolition, and marketing strategy.
(Ord. 2496, passed 5-5-2020; Ord. 2520, passed 6-1-2021)