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A Resolution Authorizing the Amendments to the Village of Oak Park's Commercial Fa?ade Improvement Grant Program Guidelines.
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Introduction
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A Resolution supporting amendments to the Village's long-standing Commercial Fa?ade Improvement Program (C-FIP) Guidelines in an effort to both specifically assist in supporting the Hemingway District businesses during the 2025 Renew the Avenue streetscape project and, for the greater Oak Park business community, to offer the program's benefits to a larger number of businesses, by expanding eligibility.
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Recommended Action
Staff recommends approval of this Resolution. In addition, the Hemingway Business District Board recommends the adoption of this resolution.
Prior Board Action
* The C-FIP Program was last amended by the Village Board through Resolution 23-134 in April 2023.
* The C-FIP Program was first amended by the Village Board through Resolution 19-313, in October 2019.
* The C-FIP Program was first approved by the Village Board through Resolution 18-906 in June 2018.
Background
The purpose of the Commercial Fa?ade Improvement Grant Program (C-FIP) is to promote reinvestment in the Village's commercial buildings, with a focus on potentially supporting historic preservation practices. Since 2018, the Village has helped to facilitate thirty-six (36) separate improvements, providing $175,491.64 in grant funds to business and property owners to help offset the overall cost of these fa?ade improvements which were $760,702.51.
The C-FIP, a dynamic program, has been in place since 2019 and this proposed Resolution is the third time that the program's guidelines have been brought back to the Village Board for fine-tuning and program expansion reasons. As in the past, the proposed guideline amendments will allow the continued expansion of program eligibility.
The proposed changes to the established guidelines are attached. The new wording is bold, underlined, a...
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