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Fairview committee urges clearer rules, landlord match for urban renewal tenant-improvement grants
Summary
City staff told the Economic Development Advisory Committee that the urban renewal tenant-improvement grant program is running low on funds and that the city council signaled concern about high grant-to-project ratios. Staff proposed clearer match requirements, a scoring matrix and a council work session before changing the program.
The City of Fairview’s Economic Development Advisory Committee discussed tightening the city’s Urban Renewal Development Grant Program after staff and council members raised concerns about large grant requests and uncertain applicant expectations.
Committee members heard that the program currently allows applicants to request up to $100,000 per property but does not require a specific landlord or tenant match. Sarah Selden, community development director, said a recent application for a photography studio asked the city for $90,000 while the tenant planned to contribute $10,000 and the property owner offered no tenant-improvement allowance. She said the council declined that…
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