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HomeMy WebLinkAbout32438 / 83-24MAY 19 1983 # 24 RESOLUTION (CARRIED LOST LAID OVER WITHDRAWN ) PURPOSE: CHANGES TO THE OSHKOSH COMMERCIAL REHABILITATION PROGRAM INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT WHEREAS, the City of Oshkosh through the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 -37- � � t i....._.._.. . . .... .__...-... t + t .fi`." .,o. . � � � � h-� � � � � � � c� w � , J � � �o . b �a m m V v o m � ��G rt . � � 0 �ro H �-t W m r-� �� r• m F~'� rt rt O N rt a .. Y•* 9 . .'? � � N �