HomeMy WebLinkAbout32438 / 83-24MAY 19 1983 # 24 RESOLUTION
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PURPOSE: CHANGES TO THE OSHKOSH COMMERCIAL REHABILITATION PROGRAM
INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT
WHEREAS, the City of Oshkosh through the Community Development
Block Grant Program, since 1978, has encouraged the redevelopment of
older commercial buildings by allocating monies to the Commercial
Rehabilitation Program; and
WHEREAS, this program is administered by the Oshkosh Commercial
Development Corporation and the Oshkosh Housing Authority; and
WHEREAS, this program has been such an overwhelming success
that it is necessary, and desirable, to up-date the program regulations
in order to make the funds go further.
NOW, THEREFORE, BE IT RESOLVED that the proper officials are
hereby authorized and directed to make the following changes to the
Oshkosh Commercial Rehabilitation Program:
The percentage of the exterior costs be changed from
Z5o to 20% (of the total costs of the exterior
improvements, to a maximum of $5,000). The maximum
would remain unchanged.
2. For buildings that have more than one frontage (i.e „
public entrance), the applicant would be allowed to
file more than one application as before, except that
the remaining applications (i.e., monies) would be a
loan (Oq interest, 5-Year payback) applying to 200 of
the total costs for exterior renovation, maximum $5,�00.
SUEMITTEil BY
APFEOYED
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