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TO: Mayor Thomas J. Weisner
FROM: Bill Wiet, Chief Development Services Officer
DATE: August 14, 2015
SUBJECT:
To request approval of a Third Amendment to the Seize the Future Development Foundation (STFDF) Finish Line Downtown Grant Program to provide for the Grease Trap and Sanitary Relocation Grant Program
PURPOSE:
The Finish Line Grant Program was established in 2014 to provide financial assistance for the rehabilitation of downtown buildings. The STFDF is tasked with administering the Finish Line Grant Program. From time to time the Program has been amended to better assist with buildings, properties, or uses that benefit the continued revitalization of downtown. The proposed Grease Trap and Sanitary Relocation Grant Program provides an incentive for specific buildings along West New York Street to disconnect their sanitary service from an aging sewer along Pinney Street, in favor of a connection to a newly installed sanitary sewer main along West New York and River Street.
BACKGROUND:
Per the guidelines and eligibility memo from STFDF (attached), the program only will be offered to specific buildings located on W New York Street, west of the Fox River and east of River Street. This includes the buildings of 28 W New York Street, 29 W New York Street, 31 W New York Street, 33 W New York Street, 35 W New York Street, 37 W New York Street, 39 W New York Street, 41 W New York Street, and 47 W New York Street/101 N River Street. These are the buildings who currently have connectivity to the Pinney Street sanitary sewer.
DISCUSSION:
The Program will offer a 100% reimbursement of the costs associated with rerouting a sanitary line from Pinney Street to W New York Street. Applicants that reroute the grease trap to W New York Street are eligible for a 50% reimbursement of the associated costs. Grease traps that are relocated from Pinney Street to W New York Street that utilize the 50% reimbursement are required to allow multiple units...
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