Applications due December 1st for Re-Development Incentive Fund Grants:

NEWS RELEASE

CITY OF NEVADA – September 3, 2009
    
CONTACT:   
Elizabeth Hansen, City Administrator        Sara Clausen, Chamber Director
1209 6th Street                    1015 6th Street
Nevada, IA  50201                Nevada, IA  50201
Telephone – 515-382-5466            Telephone – 515-382-6538
FAX – 515-382-4502                FAX – 515-382-3803

For Immediate Release

Applications due December 1st for Re-Development Incentive Fund Grants:

      The City of Nevada will award up to $50,000 this year.  This is the fourth year the City has offered the grant.  Here is the perfect opportunity for Nevada businesses owners in the RIF Area, which includes Sixth Street and the Lincoln Highway corridor, to improve your buildings.  In order to be eligible, you must be a business owner who is committed to improve neighborhoods, promote the area, and improve the quality of life.
     The City is making maximum grants available in the amount of $10,000.00 on a reimbursement basis.  Grants will be awarded on a 50/50 match basis.  For example, the business owner must reflect a direct contribution of $1.00 for every $1.00 of City funds received.  According to the City Administrator Elizabeth Hansen, “We want to create a sense of community pride through participation in projects that help grow the economy.”  Projects must be completed between July 1, 2010 and June 30, 2011. 
     Here is a list of examples of projects that may be funded:
•    Projects that permanently improve the physical appearance and/or serviceability of a commercial property identified in the district.  (ie:  Foundation, support walls, tuck pointing, roofing, electrical, heating, cooling, plumbing, windows, doors, insulation, facades, and anything else cosmetic)
•    RIF funding request is 50% or less of the project.
•    Projects that are participating in the historic preservation tax credit program and/or application has been reviewed by the local Historic Preservation Commission.
•    Upper level restoration projects that will permit new usage.
•    Projects that create new jobs.
                   
     Grant application materials may be picked up from City Hall, 1209 6th Street or from the Chamber Office at 1015 6th Street, or can be mailed by calling City Hall at 515-382-5466 or the Chamber Office at 515-382-6538.  You can also find the application and supporting materials, including the RIF Area Map at www.ci.nevada.ia.us by clicking on Boards and Commissions, RIF Program.  Applications must be received via mail or hand delivered to the Office of the City Administrator by 5 p.m. on December 1, 2009.  
 
Article Published: 09-03-2009