Advisory panel keeps $75,000 grant cap, sets $20,000 minimum project cost
Commission members kept the existing $75,000 maximum grant cap and added a new $20,000 minimum project cost for projects considered under urban renewal; staff cited inflation, contractor availability and a desire to fund multiple projects as rationale.
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Members reviewed grant-size history and agreed to retain the program's $75,000 cap while adding a policy floor of $20,000 for total project cost eligibility. Staff explained the cap evolved from an original $50,000 cap with exceptions for local contractors and was raised during inflationary pressures and contractor shortages.
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