The potential matching grant for each category of property improvements is EITHER 50% of the total cost of the enhancement, OR $5,000- whichever is the lesser amount of the two.
This means that if Company A submits an application for assistance on a $500 landscape improvement to their property, the most the City will match is 50% of that amount, or $250.
If Company B submits an application for assistance on a $15,000 façade improvement to their property, the most the City will match is $5,000, since 50% of $15,000 is over $5,000.
If Company C submits an application for assistance on BOTH a $500 landscape improvement AND an $15,000 façade improvement, the City can match up to $5,250 (50% of $500 + $5,000). In this scenario, because the landscaping improvements and façade improvements are in different categories of Eligible Enhancements, the two requests can be considered independently.
Please note that grant payments will be provided only as REBATES for improvements. Payments will not be paid up front, prior to construction, and will require invoice and payment verification.