Edit, Download, and Sign the Finish Line Grant Program Overview and Instructions

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To begin filling out the form, first gather all necessary documentation. Ensure that you comply with the eligibility requirements before submitting your application. Finally, double-check all information for accuracy before submission.

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How to fill out the Finish Line Grant Program Overview and Instructions?

  1. 1

    Gather all necessary documentation.

  2. 2

    Confirm eligibility requirements are met.

  3. 3

    Fill out the application form completely.

  4. 4

    Attach required supporting documents.

  5. 5

    Submit the application through specified channels.

Who needs the Finish Line Grant Program Overview and Instructions?

  1. 1

    Commercial property owners looking to rehabilitate their establishments.

  2. 2

    Business tenants aiming to enhance the value of their leasehold improvements.

  3. 3

    Entrepreneurs wanting to start or expand a business in downtown Aurora.

  4. 4

    Real estate developers focused on revitalizing urban spaces.

  5. 5

    Local government entities seeking to promote economic development.

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What are the instructions for submitting this form?

To submit the application for the Finish Line Grant Program, email your completed form and all attachments to moedgrants@aurora.il.us. You may also submit a hard copy application at the City of Aurora Development Services Center, located at 77 S. Broadway during business hours. Ensure that all documentation, including permits and cost estimates, is included to avoid delays.

What are the important dates for this form in 2024 and 2025?

Key dates for the Finish Line Grant Program include the application deadline of October 1, 2022. Applicants should prepare and submit their forms before this date. Additional opportunities may arise in subsequent years as the program continues.

importantDates

What is the purpose of this form?

The purpose of this form is to support economic development in downtown Aurora by providing financial assistance for property rehabilitation. It facilitates investments that enhance the city's commercial spaces, contributing to overall urban revitalization. By offering grants, the program encourages property owners and tenants to undertake improvements that benefit the community.

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Tell me about this form and its components and fields line-by-line.

The form includes various fields that detail the applicant’s information, the nature of the rehabilitation project, and the associated costs.
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  • 1. Applicant Information: Fields for name, address, and contact information.
  • 2. Project Description: A section detailing the scope and purpose of the rehabilitation.
  • 3. Cost Estimates: A requirement for providing two detailed estimates for the proposed work.
  • 4. Ownership Verification: Documentary evidence of property ownership or tenant agreements.
  • 5. Tax Documentation: Recent tax documents that establish eligibility.

What happens if I fail to submit this form?

Failure to submit the form can lead to missed opportunities for funding and project support. Incomplete applications will not be processed, and applicants may have to wait for the next round of funding.

  • Missing Documentation: Applications lacking required documents will be rejected.
  • Eligibility Issues: Submissions may be denied if the applicant does not meet the criteria.
  • Timeliness: Late submissions will not be considered for funding.

How do I know when to use this form?

This form should be used when you intend to apply for funding under the Finish Line Grant Program for commercial rehabilitation projects. It is essential whenever there is a need for financial support for improving properties in downtown Aurora.
fields
  • 1. Property Rehabilitation: To secure funds for turning around or improving a business property.
  • 2. Business Expansion: When planning to enhance a current business to better serve customers.
  • 3. New Business Ventures: Necessary for those starting a new retail or service business in the area.

Frequently Asked Questions

What is the Finish Line Grant Program?

The Finish Line Grant Program assists property owners and tenants in downtown Aurora with funding for rehabilitation projects.

Who is eligible to apply for this grant?

Eligibility requirements include property ownership, lease agreements, and compliance with local codes.

What types of expenses can be reimbursed?

The program covers costs like building improvements, signage, and professional services related to the project.

How can I submit my application?

Applications can be submitted via email or in person at the City Development Services Center.

What is the application deadline?

The deadline for the first round of applications is October 1, 2022.

How long does it take to process my application?

Processing times may vary, but the review committee aims to expedite the decision-making process.

Can I apply for multiple projects?

Yes, you can apply for multiple rehabilitation projects, provided each application meets the program criteria.

What happens if I'm denied funding?

If funding is denied, applicants can seek feedback and consider reapplying in future funding rounds.

Do I need to submit additional documentation?

Yes, a complete application includes several supporting documents outlined in the guidelines.

How can I contact support for questions?

For assistance, contact the Mayor's Office of Economic Development directly via phone or email.

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