Commercial Property Enhancement Grant

The Commercial Property Enhancement Grant is designed to encourage existing building owners or tenants within the Community Redevelopment Area to improve the aesthetics of commercial buildings and to enhance safety in the rear of the buildings in accordance with the CRA’s Redevelopment Master Plan. The program provides financial assistance in the form of a grant for 50% and up to $25,000 of the documented hard costs of the improvements

 

Guidelines

  • The Commercial Property Enhancement Grant is available to eligible commercial properties within the Community Redevelopment Area in the form of a reimbursable grant after project completion in an amount equal to 50% of eligible project costs for an amount not to exceed $25,000.

  • No work covered by the Commercial Property Enhancement Grant is to be undertaken without written approval of funding from the CSCRA.

  • The program will not provide reimbursement for any work previously done or already underway prior to the CSCRA Board’s approval of the Commercial Property Enhancement Grant.

  • All property taxes and City utilities must be current in order to apply and remain current.

  • The property shall not have any open Code violations.

  • The CSCRA reserves the right, at its sole discretion, to make any final determinations as to how the program will be offered and implemented. This may include, but not limited to ranking of applicants, which applicants will be CSCRA Commercial Property Enhancement Grant 3 funded, all conditions of funding, approval of plans, designs and materials to be utilize. Applicants, even those that meet the eligibility requirements, may not be approved if a project conflicts with the objectives and goals of the CRA Master Plan.

  • View Eligible Improvements

 

Requirements

  1. Must be within boundaries -Commercial property must be located within the boundaries of the Coral Springs Community Redevelopment area. Residentially zoned properties are not eligible.
  2. Eligible participants may be individuals, sole proprietorships, partnerships or any other legally identified form of a for profit business.
  3. The building must be structurally sound, and the property must be zoned commercial and used for commercial purposes. Properties constructed within the last five (5) years are not eligible for this grant.
  4. Owner Participation - Must have property owner participation and approval
  5. Property must not have outstanding judgment liens, code violations, delinquent taxes, utilities, and/or be exempt from ad valorem property taxes.
  6. Must be able to provide 100% of project costs upfront. Reimbursement will be provided for 50% of documented eligible project costs up to $25,000, after project completion.
  7. Approved by CRA - Project must have been approved by the CRA Board and Notice to Proceed issued by the CRA prior to project commencement.
  8. Project must have proper City approvals- The applicant must comply with all requirements of the City of Coral Springs for obtaining permits and approvals of the work. Any work started or performed without proper permits will not be eligible for program assistance.
  9. In Compliance with CRA -The proposed project must comply with the CRA’s Implementation Plan, applicable regulations and City’s Code requirements, and the City’s Design Guidelines.

Process

Step 1.Initial Meeting 

Initial meeting with potential applicant to review grant guidelines and discuss desired property improvement.

Step 2.Applicant submits complete grant application

Incomplete applications will not be considered

Step 3.Staff Reviews grant application

Step 4.Grant Application Presented 

Grant application is presented to the Board for consideration in the next scheduled meeting. 

Applications not approved by the Board may be modified and resubmitted

Step 5.CRA Chair signs Agreement for approved grant

Step 6.Project Commences 

Project commences and must be completed within 6 months.

Projects not completed within 6 months may request an extension to the Board.

Step 7.Notify Staff

Applicant notifies staff of completed project and provides proof of payment

Step 8.Staff ensures all permits are final and inspects completed project

Costs not pre-approved, cash payments and payments without a receipt will not be reimbursed

Step 9.Reimbursement payment is processed

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Step 10.Completed Project 

Notify Board of completed project and reimbursement payment