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I. Pu ose <br />The Downtown Facade Improvement Rebate Program is designed to encourage property <br />owners within the Downtown Facade Improvement boundary area to improve the exterior <br />appearance of their building. Through these improvements, the program is intended to <br />aid in the stimulation of private investment and customer patronage in the City's <br />Downtown. <br />II. Eligible Improvements <br />Eligible facade improvements include those that improve the exterior aesthetic <br />appearance of a building and are visible from the street. By definition, a facade is the <br />cosmetic face of a commercial building. Rear, side facades and main building entrances, <br />foyers and vestibules are eligible if so determined by the Agency Board, on a case-by- <br />case basis. Some examples of eligible facade improvements include, but are not limited <br />to: <br />• Exterior building materials and architectural features including decorative the <br />• Signage <br />• Awnings <br />• Steam cleaning of the building exterior <br />• Painting <br />• Skylights in public sidewalks <br />• Elimination/alternatives to bars on windows, e.g. security systems, alarms and <br />cameras <br />• Anti-graffiti measures <br />• Landscaping and irrigation (if visible from street) <br />• Decorative and security exterior lighting <br />• Window display improvements such as staging and lighting <br />• Exterior historic building restoration <br />III. Pro~rarn Benefits <br />The Redevelopment Agency will fund 50% of the total project cost up to a maximum of <br />$75,000 per building for eligible improvements, including City permits. The Agency will <br />either reimburse the approved rebate amount at the conclusion of the project, or by <br />making construction progress payments through an escrow account. If the property <br />owner chooses the progress payment option, this will require the Agency and applicant to <br />establish a construction escrow account (as designated by the Agency). The joint escrow <br />account will include funds sufficient to cover total project costs. The Agency will <br />deposit the approved rebate amount up to $75,000 and the applicant will deposit the <br />remaining funds to ensure completion of the project. <br />6 ~ EXH (g iT 3 Updated 05/06/2011- Edwards CRA <br />