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City’s White Box Program
Resolved, that the White Box program policies are approved as follows:
To increase $150,000 in White Box funding from the Intergovernmental Revenue Fund for the 2017 Fiscal Year for a total of $250,000; combine the line item for façade grants and white box grants into one funding line item that could be allocated for either facades grant or white Box grant applications on a first-come/first-served basis (thus increasing the total funding for development incentives to $400,000 for FY 2017); Create a “sunset” on the White Box Program for the end of FY 2019 to incentivize vacant property-owners to take more immediate action to rehabilitate and lease vacant spaces; and allowing a property owner of a building with more than one distinct, vacant retail spaces to obtain more than one “White Box” grant.
Fiscal Note: The proposed White Box Program policy changes would increase the fiscal year 2017 funding for the White Box Program from $100,000.00 to $250,000.00. Th...
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