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TO: Mayor Richard C. Irvin
FROM: Sandra Strueber, Aldermanic Chief of Staff, Aldermen's Office
DATE: March 18, 2019
SUBJECT:
To date, the Ward 1 Alderman and the Committee received 11 applications from business owners within Ward 1 for exterior and other improvements to their buildings or property, as approved by the Committee. The property must have a business zoning or equivalent and be operated as such. The business must be located within the Ward 1 boundaries of the City of Aurora.
PURPOSE:
In response to the overwhelming interest this year, the Alderman and the Ward Committee have decided to increase the budget from $20,000 to $60,000. Any business located in Ward 1 may apply for a matching grant up to $5,000 for the purpose of upgrading or improving the exterior of their property. The business property must have a business zoning or equivalent and be operated as such within the Ward 1 boundaries of the City of Aurora.
BACKGROUND:
The business grant is a 50/50 match up to a maximum of $5,000 per project per year. Applications will be accepted on Ward 1 forms, reviewed and approved subject to available money in the Ward 1 Business Grant Program. Applicants must provide a minimum of three bids or estimates where possible for the proposed work, along with their application.
DISCUSSION:
$60,000 has been allocated for this program in Ward 1 account 311-1350-419.50-99: Note: This program will not be extended past the current Alderman's term, therefore, all applications must be complete and approved for reimbursement prior to April 30, 2019.
IMPACT STATEMENT:
N/A
RECOMMENDATIONS:
Approve the amendment to the Ward 1 Business Grant Program increasing the budget from $20,000 to $60,000, with the current guidelines.
cc: Finance Committee
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution authorizing an Amendment to the Ward 1 Business Grant Program to increase the budget for the program to ...
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