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Retention and Attraction <br /> Downtown Design Assistance Loan Program <br /> Provide a low- interest, short-term loan to small businesses in the downtown area to <br /> maintain the appearance of their buildings. The funds may be used for general types <br /> of activities such as technical design assistance (e.g., for the costs of professional <br /> architectural services to develop plans for building improvements); construction work <br /> for minor facade renovations and storefront remodels; installation of upgraded <br /> business signage including signage and awnings; improvements related to historic <br /> preservation; implementation of improvements necessitated by URM (unreinforced <br /> masonry) building renovations. Each loan shall not exceed $10,000. <br /> Cost: up to $10,000 per business <br /> Implementation: Within 30 days <br /> Tenant Improvement Program <br /> Provide an incentive to developers /property owners to expedite tenant improvement <br /> projects in vacant downtown buildings to make the space ready for occupancy by <br /> retail, restaurant and entertainment uses; incentives include phased project building <br /> permit fee payment plans, expedited plan check, enhanced inspection services and <br /> a rebate of up to $5,000 following completion of work. <br /> Cost: up to $5,000 per business <br /> Implementation: Within 60 days <br /> Sales Tax Reimbursement Program <br /> Rebate a portion of new sales tax revenues generated by development projects that <br /> meet a specific threshold of new sales tax receipts. <br /> Cost: Based on application <br /> Implementation: Within 90 days <br /> Development <br /> Downtown Development Fee Deferral <br /> Provide fee deferrals (until final inspection or occupancy) for new retail, restaurant or <br /> entertainment tenants locating in downtown. <br /> Cost: Based on application <br /> Implementation: Within 30 days <br /> Phased Permitting Program <br /> Allow for permits to be obtained, and associated fees paid, based on phases of a <br /> project (e.g., grading, undergrounding of utilities, improvements). <br /> Cost: None <br /> Implementation: Within 90 days <br /> Page 4 of 7 <br />