In coordination with the 2022 EDA Workplan, the EDA is offering a Redevelopment and Property Reinvestment Program for business properties within the City of Farmington.
The program was created with the intent of helping spur investment on commercial and industrial properties to foster property improvements, redevelopment growth and increase the productive use of existing infrastructure within the city. Eligible projects focus on property, building and code improvements which are permanent and anchored to the site. Projects utilizing this grant money must go towards a project which helps redevelop, maintain and/or expand the variety of business use on site.
Eligible improvements include, but are not limited to:
- Building demolition costs in a project which will redevelop the property.
- Construction, renovation or expansion of buildings.
- Contamination remediation.
- Correcting code violations (city, building and/or fire code).
- Installation and connection to city sewer and/or water.
- Permanent electrical, plumbing or mechanical work.
- Preventing and/or fixing deterioration and blight of structure(s).
- Property upgrades to comply with ADA requirements (e.g. install an elevator).
- Reconfiguration of interior space to suite a new user or provide lower cost space.
- SAC and/or WAC credits.
- Sprinkling a building.
Completed applications will be accepted from March 1, 2022 – June 30, 2022. All applications must be submitted no later than 4:30 p.m. on June 30.
The EDA will award grants at their July 18, 2022 Regular Meeting.
Forms:
Redevelopment and Property Reinvestment Program Guidelines
Redevelopment and Property Reinvestment Program Application
Submit completed applications along with bids to [email protected] or bring it to City Hall. Questions? Call 651-280-6825.