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File #: Res.0243-17    Version: A Name: City’s White Box Program
Type: Resolution Status: Passed
File created: 7/18/2017 In control: City Attorney's Office
On agenda: 7/18/2017 Final action: 7/18/2017
Title: 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...
Sponsors: Q.A. Shakoor II
Related files: 645-17

Sponsor

Alderman Shakoor

 

Title

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. The combination of White Box line items and budgeted facade grant line items (budgeted $150,000.00 in fiscal year 2017) to a total of $400,000.00 available for either White Box or facade grants. During fiscal year 2017, there has been $91,545.00 awarded in White Box incentives and $50,000.00 awarded in facade grants. These policy changes would result in a total of $258,455.00 available for either White Box or facade grants for the rest of fiscal year 2017.