Downtown Façade Improvement Grant Fund Application Information Session 2

March 13, 2014

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Agenda• Introduction• About the Fund• Program Objectives• Eligibility and Requirements• Priority Areas• Technical Assistance Providers• Project Timeline• Program Fees• Program Contacts• Questions and Answers

Downtown Façade Improvement Grant Fund

Fund Manager: Invest Atlanta

Funding Source: Up to $5 million of WTAD and ETAD Increment

Purpose: To facilitate the investment in commercial properties in the Eastside and

Westside TADs that will result in quality of life enhancements in

Downtown.

Grant Amounts: Commercial property owners are eligible to receive from $20,000-$400,000 per property. Business owners are eligible to receive from $5,000-$200,000 per property.

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DFIG Objectives

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• Enhance the appearance of commercial areas• Create safer and more stable neighborhoods• Help businesses attract customers and generate

increased revenues• Support the Atlanta Streetcar and generate ridership• Improve the MLK, Joseph E. Boone and Donald Lee

Hollowell commercial corridors • Leverage private investment• Fund projects with critical mass• Complement other community revitalization efforts

DFIG Eligibility and Requirements

Eligibility:• Commercial properties in the Eastside and Westside TADs• Businesses in the eligible area with consent from the property owner (must

have at least 5 years remaining on the lease from the application approval)• Properties less than 80,000 sf• Properties on the tax role

Requirements:• Selected applicants MUST invest 33.33% of the cost of the project up front• Design concepts must be in accordance with area regulations, codes,

ordinances and design standards set forth by the City

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DFIG Eligibility and Requirements

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• Capital improvements visible from public right of way– Painting– Lighting– Windows– Doors– Stucco/brick/tile – Historic restoration

• Associated soft costs/services– Planning/design/engineering, legal, GC fees,

contingencies

– Canopies– Awnings– Sidewalk repair– Front/side patios– Signage– Landscaping

DFIG Eligibility and Requirements

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• Successful applications will include the following:– Project description and purpose– Property owner consent (where

applicable)– Designs/renderings/concept drawings– Preliminary construction estimate

provided by a building professional• Architect/Engineer/General Contractor

– Financial sources for applicant’s 33.33%– Project timeline

DFIG Application Process

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Application Released by Invest

Atlanta

Application Informational

Session

Technical Assistance

Application Due to Invest Atlanta

Application Reviewed and

Selected by Invest Atlanta

IA Board ApprovalApplicant is

provided terms to begin Phase II

Invest Atlanta set closing

Project Construction Commences

Technical Assistance Providers

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The Epsten Group, Inc.

Primary Contact: Pete Choquette

Gardner, Spencer, Smith, Tench and

Jarbeau

Primary Contact: Joe Gardner

Pimsler-Hoss Architects, Inc.

Primary Contact:

Randy Pimsler

Square Feet Studios

Primary Contact: Vivian and John

Bencich

Surber, Barber, Choate and Hertlein

Architects, P.C.Primary Contact: Dennis Hertlein

Program Fees

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• Application fee $250• Technical Assistance engagement fee

$100• Administrative fee $2,500

– Due at financial closing of grant for selected applicants

DFIG Timeline

February 24, 2014 Application ReleasedMarch 6, 2014 Information SessionMarch 13, 2014 Information Session#2March 14, 2014 Inquiries due to IAMarch 21, 2014 Responses to Inquires postedApril 24, 2014 Applications due to IA by 5:00 PMMay 27, 2014 Notification of Selected ApplicantsJune 19, 2014 Invest Atlanta Board of Directors ApprovalJuly 17, 2014 Grant Agreements Executed

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DFIG Primary Contacts

S. Tarnace Watkins- Program Manager Email: twatkins@investatlanta.comP: (404) 614-8332

Chris Leutzinger- Real Estate Development SpecialistEmail: cleutzinger@investatlanta.comP: (404) 614-8330

Courtney Knight-Managing Director, cknight@investatlanta.comP: (404) 614-8339

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Questions and Answers

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