BUSINESS CORRIDOR PROGRAMS Big Box Demolition Grant Big Box Demolition Grant Program The Big Box Demolition Grant Program is a component of the Façade Improvement Grant. The goal of these programs is to remove blight by bringing sites into conformance with current codes while working to remove vacant commercial structures of at least 25,000 square feet. The program provides 50% reimbursement up to the maximum award amount. Maximum Award: $45,000 or 50% of total costs, whichever is less. Eligible Expenses: Approved big box demolition expenses and associated costs for debris removal. Costs related to installing infrastructure such as sidewalk, curb & gutter, and landscaping that brings sites into conformance with current codes. Costs related to securing the site such as approved fencing, gates, security lighting. Eligible Geography: Business Corridor Revitalization Program Geography Eligible Applicants Vacant big box property where building has been vacant at least 2-years. Big box is defined as a commercial building of at least 25,000 sq/ft in size. Smaller buildings are not eligible. Buildings under Code Enforcement must receive written approval from authorized Code Enforcement Staff to be considered for participation the program. Applicant must demonstrate the need for City financial assistance, in the City’s sole discretion, based on a thorough review of financial information and utilizing standard project underwriting criteria. All related real property taxes must be paid in full National and regional chains and non-profit entities are not eligible Applicants must submit evidence of legitimate financial need How the Program Works Applicant submits application, including financial information, to the Neighborhood & Business Services Division. A thorough financial analysis is conducted by Neighborhood & Business Services staff to determine that Applicant demonstrates the need for City financial assistance, in the City’s sole discretion. (continued on page 2) For more information, visit: http://nbs.charlottenc.gov Business District Revitalization * Removing Blight * Creating Redevelopment Opportunities How the Program Works (continued) An inter-departmental team of City staff reviews and approves the scope of work. Every project is unique and the scope of work required for grant participation will vary from project to project. Applicants whose property is under code enforcement should understand that the scope of work required to comply with the Code may not be the same as that required for participation in the Big Box Demolition Grant program. Upon approval, the applicant will enter into a contract with the City setting forth, among other things, the work to be performed as approved by the review team. Applicant completes the approved scope of work, pays all its contractors in full, and submits paid receipts and cancelled checks for all work completed to City. City will not contract to perform any of the work. Staff will be permitted to inspect the project to ensure conformance with the grant contract and applicable codes. After completion of the project and receipt of proof of payment, City reimburses Applicant based on actual costs incurred, up to the maximum amount of the grant awarded. Expenses will be reimbursed only after the approved demolition scope is complete as required by the grant contract and site is cleared of all debris. Applicants are responsible for any and all known or unknown environmental hazards on the site. Applicants are encouraged to conduct environmental assessments including but not limited to Phase I and II assessments. Applicants are responsible for obtaining all necessary governmental permits and authorizations. All work and the progress of work must be completed in conformance with all federal, state and local laws, regulations, codes and ordinances of any and all kinds, including but not limited to the Charlotte Non-Residential Building Code. It is the sole responsibility of Applicant to ensure that all legal requirements are met. The City does not reimburse for work done prior to application approval and contract signing. Approved projects should be completed within 120 days of contract signing or funds may not be guaranteed. Additional program requirements or restrictions may apply. For more information, visit: http://nbs.charlottenc.gov Scissor Gates * Outdoor Lighting * Alarm Systems * Security Fencing * Gates * Controlled Access * Ironwork * Cameras