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HomeMy WebLinkAboutDevelopment Commission Resolution 2015-06 CENTRAL POINT DEVELOPMENT COMMISSION RESOLUTION NO.2015-6 A RESOLUTION OF THE CENTRAL POINT DEVELOPMENT COMMISSION ADOPTING A BUILDING FACADE LOAN PROGRAM WHEREAS, on March 8, 2012, by Ordinance No. 1955 the City Council approved The Downtown & East Pine Street Corridor Revitalization Plan, An Urban Renewal Plan for the Ctty of Central Point(the "Plan"); and WHEREAS, Section 1.6.1 of the Plan sets forth the projects and activities that the Central Point Development Commission(the"Commission")may fund as necessary to implement the Plan; and WHEREAS, Section 1.6.1 (C)(15) sets forth the Development Commission's objective to establish incentive programs encouraging redevelopment within the Urban Renewal Area; and WHEREAS, it is the intent of the Commission to encourage building facade redevelopment along East Pine Street through the use of a low interest loan program. NOW, THEREFORE, BE IT RESOLVED that the Commission by Resolution No. 2015-6 does hereby establish a Building Facade Loan Program (attached Exhibit"A") formalizing the criteria for eligibility, loan terms, and loan payment. PASSED by the Central Point Development Commission and signed by me in authentication of its passage this 13th day of August 13,2015. Central Point Development Commission Chair ATTES : //L1tive City Representative `� BUILDING FACADE LOAN PROGRAM Central Point Development Commission The Building Facade Loan Program is a downtown revitalization incentive program designed to encourage the rehabilitation/restoration of building facades within the Downtown Area(see attached map). ALL LOANS ARE SUBJECT TO AVAILABILITY OF FUNDING. ELIGIBLE PROPERTIES The Building Facade Loan Program will make Loans available to owners of buildings within the Downtown Area for facade renovation/restoration projects. Facade projects that are for historic renovation/restoration will be given priority over renovation/restoration projects for contemporary building facades. The Building Facade Loan Program will provide eligible applicants with Loans to assist in the re- habilitation/restoration of facades on structures within the Downtown Core Area of the City of Central Point. PEI I1+:N'I' Façade is defined as any portion of the exterior of a - ll ai structure visible from the public right-of way The `= __ = `—? CORNICE drawing to the nght is an example of a typical \ UI'PERS'I'ORY commercial storefront façade ❑ © ❑ WI NI X)WS and the typical architectural 1111 components — BELTCOt-t1ISE 'TRANSOM Loans are provided in an amount not less than $1,000 and not more than DISPLAY WINIHri\'S $10,000 and must be repaid within I'1 ERS five(5)years at 0% interest. Loan payments will be monthly unless ( lil?GESSEI) ENTRY otherwise approved by the I i • Development Commission. The loan \ KICK PI funds will be paid after qualifying rehabilitation/restoration work is completed and approved by the Development Commission. The applicant must submit proof of completion to the Development Commission of the approved Scope of Work, after which a check will be issued to the applicant. ELIGIBLE ACTIVITIES The types of activities that are eligible under this facade program include, but are not limited to, the following: • Awnings appropriate to the specific building and original construction period cannot be plastic or metal) • Improve or add exterior lighting. 1 • Replacement of missing historic features provided adequate documentation exists. • Replacement of doorways/storefronts • Repointing • Painting, Repair or replace windows • Repair/Restoration of historic commercial street level facades • Replacement of approved commercial street level facades *For historic renovations/rehabilitation it is strongly encouraged that work activities follow the Secretary of Interior's Standards for Rehabilitation. htto://www.nos.eov/hos/tos/tax/rhb/index.htm The types of activities that are not eligible under this facade program include but are not limited to, the following: • New construction • Property acquisition • Interior improvements • Flat or sloped roof repair and/or replacement not visible from the public right-of-way • Machinery and equipment • Furniture and fixtures • Inventory and accounts receivable PROJECT PROCEDURES: The following describes the procedural steps necessary to secure a Building Facade Loan. The order and necessity of each step will be determined on a case-by-case basis, depending upon the amount of assistance required for each project. 1. Initial Project Meeting. The applicant will meet with a representative of the Development Commission to determine property eligibility, and to discuss the proposed facade improvements, scope of work, and estimated project costs. 2. Application Submittal. After completing Step I the applicant will complete a Building Facade Loan Application and submit to Community Development Department. Completed Applications will be time-dated and processed in order of receipt. The Development Commission will not consider any application with incomplete or missing information. 3. Development Commission Meeting. The applicant will present the proposed project to the Development Commission. The Development Commission will make a determination of the project's compliance with the goals and objectives of the Building Facade Loan Program. At the conclusion of the meeting the Development Commission will either accept or reject the project proposal, or request additional information. 4. Scope of Work with Cost Estimates. Within forty-five (45) days of acceptance of the project the applicant will submit the final scope of work, cost estimates(itemized) and a working drawing(s). with color schemes, for final review by the Development Commission. It will provide approval or make recommendations for alternatives, if deemed necessary. 5. Final Review. The Development Commission will review each project's scope of work to determine if it with all applicable codes of the City of Central Point and the goals and objectives of the Building Facade Loan Program. Upon approval by the Development Commission a Loan Agreement will be signed between the Applicant and the Development Commission. Allow at 2 least thirty (30) days for this process. 6. Contractor Bidding. The applicant will solicit bids from qualified contractors to perform the work as stated in the approved Scope of Work. A qualified contractor is defined as one regularly doing business as a Contractor, being able to acquire and maintain the required insurances. 7. NO WORK CAN BEGIN ON PROJECT UNTIL CONTRACTS /LOAN AGREEMENTS ARE PROPERLY EXECUTED. 8. Rehabilitation Monitoring. A representative of the Development Commission will monitor the approved Scope of Work to assure compliance with the Building Facade Loan Agreement. 9. Final Inspection and Project Close-Out. When the Contractor has completed the rehabilitation and submits an invoice for final payment, a final inspection of the work will be made by a representative of the Development Commission and the Applicant. The Loan payment will be issued upon the acceptance by the Development Commission's representative and the Owner and upon receipt of all warranties and guarantees. If the work is not completed as per the specifications. the Loan will be withheld until all work is satisfactorily completed. PROJECT COMPLIANCE: The Applicant for the Building Facade Loan Program is advised of the following Program Compliance requirements: I. Eligible Structures. Only those structures within the Downtown Area are eligible for Building Facade Loans. No exceptions to this requirement are available. A map of these boundaries is attached. 2. Codes and Ordinances. All work must comply with applicable codes of the City of Central Point. EQUAL OPPORTUNITY: All Applicants for financial assistance shall be given equal consideration and no person shall be excluded from participation, denied program benefits of discriminated against because of race, color, religion. gender, ancestry, national origin or handicap. THE BUILDING FACADE LOAN PROGRAM IS SUBJECT TO ALL LOCAL, STATE AND FEDERAL LAWS, WHEN APPLICABLE. 3 A Building Facade Loan Program CENTRAL Eligible Properties POINT jii il r ::,N, -v:_Y `'- �e win _.:yin. - 9 /S(/ N‘ ' t !111_L•Fv , '''/ \Al \\\AN . 1 - P.Ptfi,x. .. by".p r IN �I f V. • x11.1..1. \.- ,m'.1 Ur `�. rk\y'5"'1y !'i . + Z,., :fit Z. •`�` '.._-cg €.-' _ • (..7 .., , , ',,,,I,C‘); „„/1, ,:„..xci\'‘P?i.o.cli\p,VI,}AN.. 7,-+\ I- -6 01-- s nnG ; +• :AZ �r �.. A\l' j P.. �# ,. FY ),-) Wlg MI it • § z1iiTso • \4 - .N.\\'151,4 jsSlam iqC 0> Ci +% -4C1(.'• : ?--; EP`s S, +.\dls—V\p\"\'sr \ fes p; \ x -,�,,, . ..'+ �\`'� s. ASE ST s g' ' :; :: � � :,/�a' �, T fir. 1,,„Y`o:wine . ` .x 'p.9 Sy.�r-Y' m 'S__ _. .. •/ \� �',t[Pp ''' •V i��` `\"��E Nam! rv, j a 6 eS+T •of, .1 �+\` H'..< t° 9ti5H.5T F ' \ \ r ' .:• `SY.\ 1 11111 § it y \ A. < z to C % .I I �_. 1� _ \, Leg en d UR street_Narrea J1..1.•UR BouraaryApril 2013 ;.u..i Building Facade Eligible Properties I ] Building Facade Eligible Properties BUILDING FACADE LOAN PROGRAM APPLICATION City of Central Point Property Owner Business Name Address Tax parcel ID# Phone: E-Mail: Total Project Cost Requested Loan Amount Application Checklist: Verification of Ownership (copy of Deed) Tax Statement (evidence that real estate taxes are current) Verification of Property Insurance Two(2) copies of a color photo of facade to be rehabilitated Written Scope of Work and Preliminary Cost Estimates Drawings of the proposed project Qualifying Property's Latest Annual Income and Expense Statement Applicant shall indemnify, defend and hold harmless the City of Central Point, the City of Central Point Redevelopment Commission, its officers, directors and employees from any and all loss, cost damage, expense, claims and liabilities, including without limitation attorneys' fees, arising out of or in connection with work performed under this contract. This provision shall survive the termination of this Agreement. The undersigned, individually and on behalf of the above-named entity, agrees to all of the above guidelines and stipulations. Signature of Applicant Date Community Development Director Date Received 5