|2013 Facade Improvement Grant Program|
2013 Downtown Petoskey Facade improvement Grant Program
The Façade Improvement Grant Program provides financial assistance to property owners or tenants seeking to renovate or restore commercial building exteriors. This program is intended to improve the physical appearance of businesses and enhance Downtown Petoskey. Grant funds are made available through the Parking Fund which is administered by the Downtown Management Board (DMB).
Goal of the Program
The goal of the program is to preserve historic facades, achieve quality façade improvement, and encourage economic investment within Downtown Petoskey. The DMB believes that by providing incentives to spur preservation, revitalization and reinvestment in structures within Downtown, it will create a more attractive downtown as well as greatly complement its economic development goals.
This physical improvement grant provides a matching grant for facades. For every dollar that is awarded, the applicant must spend a minimum of a dollar. It is a competitive grant program. Individual grant amounts will be up to 50% of the project cost estimate or actual project cost, whichever is less. $20,000 is allocated to be awarded in the 2013 DMB Parking Fund budget .
Eligible Applicants and Properties
Property owners or leaseholders of commercial property within the DMB boundaries are eligible to apply. In the case where the leaseholder is the applicant, the permission of the property owner is required.
All existing commercial or mixed use buildings located within the DMB are eligible to receive funding. Property taxes and other City accounts must be current. The business owner must have a City of Petoskey business license.
All grant funded improvements must be permanent and fixed in type and/or nature. Improvements must meet all State of Michigan and City of Petoskey code requirements including zoning, building, and safety codes. Improvements must also conform to Downtown Petoskey's Design Guidelines. The applicant must obtain all necessary permits and pay any corresponding fees.
The DMB, upon recommendation from the Design Committee reserves the right to determine the eligibility of all items in a project’s scope of work. Eligible items include, but may not be limited to:
All improvements must be initiated within six months and completed by November 30 of the year receiving approval. If the applicant has not met these requirements, the DMB will re-evaluate the status of the project. At its discretion, the DMB reserves the right to cancel or extend the funding commitment.
The Design Committee’s decision to accept an application will be based on available funds, the merits of the proposed project, and the support it provides to the general beautification of Downtown Petoskey. All approved projects will meet the criteria presented in Downtown Petoskey’s Design Guidelines document. Click here to review.
If funding is not approved, applicants are encouraged to re-apply during a future grant cycle.
Procedures and Process
Grant recipients must agree to maintain the property and all improvements funded by the Façade Grant Program.
For additional information about the Façade Grant Program: