Community Improvement Plan
What is a Community Improvement Plan (CIP)?
A CIP establishes a framework for the Municipality’s support and implementation of a program to encourage the maintenance and rehabilitation of commercial buildings and their facades as well as associated signage in an identified business district. CIP’s also provide a framework to encourage and support the redevelopment of vacant underutilized and/or contaminated properties and buildings known as “brownfields”
What are the goals of a CIP?
The Community Improvement Goals are as follows:
- To provide incentives for businesses to enhance their building’s presentation to the public;
- To improve the storefront signage, designs and paint schemes;
- To stimulate community pride;
- To encourage the revitalization of vacant underutilized and/or contaminated properties and buildings.
What are the potential incentives?
Façade Improvement Loan and Grant Program
The Façade Improvement Loan and Grant Program is intended to encourage façade improvements in the Façade and Signage Improvement Area (defined by the CIP). Grant maximum amount is $3000.00 (Municipality funds ½ so to get $3000 applicant would need to spend $6000). Loan is interest free maximum amount is $3000.00 payable over 5 years.
Signage Improvement Loan and Grant Program
The Signage Improvement Loan and Grant Program is intended to encourage signage improvements in the Façade and Signage Improvement Area as identified by the CIP. Grant maximum amount is $1000.00 (Municipality funds ½ so to get $1000.00 applicant needs to spend $2000.00) Loan is interest free maximum amount is $1000.00 payable over 5 years.
To revitalize vacant or under-utilized industrial or commercial property that is abandoned and potentially environmentally contaminated. The Brownfield’s Program offers tax incentives for eligible properties including: Municipal Portion of Property Tax Freeze Incentives for up to 3 years and Education Portion of Property Tax Assistance,
Property Tax Increment Equivalent/Freeze Grant Program
Under the Property Tax Freeze Program, the Municipality may protect commercial properties from an increased assessed value of the property and therefore increased taxes by exempting the approved applicant from paying the increase in municipal tax for a specified period, that is a direct result from approved improvements to a façade and or/sign. Must be located in the Façade and Signage Improvement Area as identified by the CIP.
How can I apply?
The first step is to contact the Marmora and Lake Economic Development Office at 613-472-1515 or firstname.lastname@example.org
Marmora and Lake Application – Façade/Signage (Coming Soon)