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Urban renewal staff propose tightening tenant‑improvement grant rules; board to review Oct. 15
Summary
URA staff presented proposed changes to the small-business tenant improvement (TI) grant program: split TI-specific guidelines from a flexible development-category, require landlord/tenant matching (proposed 50/50), and set a lower maximum grant cap; staff will return to the board Oct. 15 with revised guidelines.
Fairview Urban Renewal staff presented potential revisions to the agency’s tenant‑improvement (TI) grant program at the URA meeting held during the council session on Sept. 17. Staff summarized past awards, discussed program challenges and sought direction on several policy options including whether the URA should: (1) split TI grants from other flexible redevelopment categories, (2) require landlord/tenant matching contributions, (3) set a lower maximum grant cap, and (4) clarify eligibility for existing…
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