A. Types Of Incentive Programs: Subject to available funding, the redevelopment agency may grant financial assistance for projects in the redevelopment district as follows:
1. Building, remodeling, and rehabilitation projects up to ninety nine thousand nine hundred ninety nine dollars ($99,999.00) for projects and up to thirty thousand dollars ($30,000.00) for fees;
2. Facade rehabilitation projects up to fifty thousand dollars ($50,000.00); and
3. Sign replacement projects up to fifteen thousand dollars ($15,000.00).
The programs give funding priority to redevelopment parcels within the downtown central business district. The design of all projects proposed within the downtown central business district shall be reviewed by the architectural review committee (ARC), prior to any action by the redevelopment agency.
Projects shall comply with the program rules, criteria and application procedures specifically developed to administer these incentives, as amended from time to time. Unless reauthorized by the city council, these programs shall expire on June 30, 2015.
B. Private Investment Partnership: To support a partnership with private investment, the redevelopment agency may reimburse a percentage of the cost of eligible improvements or fees as follows:
1. Projects within the downtown central business district may receive grants for seventy five percent (75%) of eligible improvements and fees actually incurred.
2. All other projects may receive grants for fifty percent (50%) of eligible improvements and fees actually incurred.
3. Eligible improvements and fees will be reimbursed within thirty (30) days of the certificate of occupancy being issued, or final inspection of the sign, on the condition that receipts and documentation of expenses have been submitted per the program rules and application procedures. (Ord. 423, 4-14-2009, eff. 5-7-2009)
C. Recommendation For Financial Assistance:
1. The redevelopment director or zoning official may approve or deny financial assistance by the redevelopment agency for funding in the amounts specified above. The administrative decision shall consider the program criteria. Applicants may appeal administrative decisions to the redevelopment agency board.
a. Financial assistance may only be recommended for a proposed project when the proposed project is found to benefit the redevelopment area, or the immediate neighborhood in which the redevelopment area is located per Nevada Revised Statutes 279.486.
b. A grant committee shall be established to review applications and provide recommendations to the redevelopment director or zoning official. The grant committee may include representatives from the banking community, the city manager's office, the city attorney's office, and other city departments such as planning and redevelopment, finance, and economic development.
c. Based on the grant committee's recommendations, the redevelopment director or zoning official may approve financial assistance by the redevelopment agency for funding up to fifty thousand dollars ($50,000.00). Any requests fifty thousand dollars ($50,000.00) or greater shall be approved by the redevelopment agency board. (If a business and/or property owner has multiple requests over time, when the cumulative total of all the requests is greater than $50,000.00, all further requests shall be approved by the board.)
2. When considering financial assistance on a downtown central business district redevelopment property, the redevelopment director, zoning official, or the redevelopment agency board may consider the increased costs of complying with the downtown design standards, the increased cost of land and labor in the downtown area, the inclusion of exceptional design features, and the extent to which the proposed improvements increase the visual quality of the downtown area. (Ord. 457, 7-10-2012, eff. 8-1-2012)
D. Eligible Improvements And Fees: Projects shall comply with the eligible improvements and fees outlined in the program rules, specifically developed to administer these incentives, and as amended from time to time. Costs incurred prior to the execution of the grant will not be eligible for reimbursement.
E. Appeal To Redevelopment Agency: An applicant for financial assistance may appeal the redevelopment director or zoning official's recommendation for financial assistance or for denial of financial assistance to the redevelopment agency board. The written appeal must be filed with the city clerk within fifteen (15) days after the date of the final decision. The redevelopment agency board may affirm, modify, or reverse the administrative decision, per subsection 9-4-9B of this code.
F. Applications For Projects Outside Redevelopment Area: The redevelopment agency may consider applications for projects outside the scope mentioned above, if they are found to meet the objectives of the redevelopment agency and Nevada Revised Statutes 279.486. (Ord. 423, 4-14-2009, eff. 5-7-2009)