2005 AGN SEP 06 I26 - Laserfiche WebLink

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REDEVELOPMENT AGENCY FOR THE ITEM #26 CITY OF COLTON For the Redevelopment Agency Board Meeting of September 6, 2005 TO: Honorable Chairperson and Boardmembers FROM: Candace E. Cassel, Redevelopment Director SUBJECT: Consideration and Approval of Program Guidelines and Supporting Documentation for the Rancho Mill Home Beautification Grant Program. DATE: August 17, 2005 BACKGROUND The Agency Board adopted Resolution No. 822 and Resolution No. 826 on April 6, 2004 which prioritized use of $500,000 in improvements within the Rancho/Mill Project Area. Included in the improvements is a Rancho Mill 2 -to -1 Matching Home Beautification Grant in the amount of $50,000. The Ad Hoc Committee that was established to oversee the grant program met on September 23, 2004 and recommended to limit applications for the first sixty days to low and very low income property owners. After sixty days, application for unreserved funds will be opera to low to moderate income property owners. Applicants must reside in the Rancho/Mill Project Area. DISCUSSION/ANALYSIS Guidelines recommended by the Ad Hoc Committee have been drafted pursuant to their recommendations. The guidelines are consistent with those previously administered by the Agency with differences shown in the table below. Mill Street City -Wide Rancho/Mill Program Date 2002 2003 2005 Total Funding $100,000 $100,000 $50,000 Grant Limits $3,000 $3,000 Matching for every _$2,000 X dollars the homeowner puts in the Agency will match i+: 3 to 1 3 to 1 2 to 1 Very Low to Low for the first 60 Income Limits Low to Moderate Low to Moderate da s i Low to Moderate after the first 60 Income Limits na na 1 days Participation Timeline 90 Das 90 Des 120 Days _ Yard Sign Placement no yes y 3s R:AndminisU-ation\Rleetinas\2005 ME1 1'INGS\Sqpt1mber G, 20951011010 Mill I lomc BeIM61-IcatI011 Docs Stall'Kcport.doc