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Monticello EDA approves $50,000 forgivable façade loan for Kustom Blinds and Draperies
Summary
The EDA approved a $50,000 forgivable loan to Kustom Blinds and Draperies for façade improvements at 112–114 West Broadway and authorized a $50,500 transfer into the façade loan sub-fund; approval is contingent on evidence of owner cash match and correct business-name documentation.
The Monticello Economic Development Authority voted April 22 to approve a $50,000 forgivable façade improvement loan to Kustom Blinds and Draperies for exterior work at 112–114 West Broadway. The board adopted EDA Resolution 2026-06 (motion by Lloyd Hilgart; second Hali Sittig), contingent on evidence that the owners meet the required cash match and that legal documents reflect the business name.
The EDA also authorized transferring $50,500 from the EDA General Fund into the Façade Improvement Forgivable Loan Program sub-fund (motion by Tracy Hinz; second Steve Johnson). Staff said the $50,500 transfer provides immediate capital for the program's next project and that historic plaque signage will be required as a final completion step for funded façade projects; the communications coordinator was finalizing plaque templates for quotes.
Mayor Lloyd Hilgart noted the potential to use a nearby vacant parcel as public space and encouraged further discussion about downtown placemaking. Staff said plaques and program brochures will be distributed through City Hall, building inspections, the senior center, and community partners to support outreach.
Both motions passed unanimously, 6-0. Staff will follow up on documentation and cash-match verification before disbursing funds.
