Downtown Business Improvement Area (BIA) and Central Business District Zone (CBD) Municipal Infrastructure Grant

By mmuise
Description:

Through the Municipal Infrastructure Grant program, the three (3) year BIA and CBD Redevelopment Grant may be extended by an additional two (2) years where the City Changing Project development involves new municipal infrastructure being provided and installed.


Comments on Funding:

No other details available.

Deadline: Continuous Intake
Eligibility:

The applicant must:

  • demonstrate that at least $500,000 of capital has been invested in municipal infrastructure after the date of the grant application;
  • undertake construction work in the BIA or the CBD;
  • complete the construction work on or for a commercial subdivision or development parcel which also results in a building permit application and completed project valued at $10 million or more;
  • commence the proposed City Changing Project no longer than two (2) years following City Council’s approval of the Municipal Infrastructure Grant or the Municipal Infrastructure Grant will be cancelled. The two (2) year period may be extended by City Council at its absolute discretion.
  • have received the BIA and CBD Redevelopment Grant.
    Only one (1) proposed City Changing Project per development may apply for the extended two (2) year Municipal Infrastructure Grant, unless the development contains multiple qualifying City Changing Projects on adjacent parcels of land, in which case each City Changing Project would qualify for such Grant.
Application Steps:

Applicants must complete and submit the application form.

Documentation Needed:

Applicants must submit:
1. reports, plans, estimates, contracts and other details as may be required to satisfy the City with respect to the eligible costs of the project and with respect to conformity of the project with the Program;
2. a Business Plan, if required;
3. receipt of payment issued to the applicant for the construction work in the installation of municipal infrastructure.

Other Things to Note:

Revised: March 21, 2022

About the author
mmuise