City of Wells

wells

 

Commercial Building Demolition Grant

Contact:

Robin Leslie, City Administrator
507-553-6371, Ext. 1

Description:

The City of Wells, through the Commercial Building Enhancement Program, supports the maintenance and updating of commercial buildings in the City of Wells.

Learn More:

http://www.cityofwells.net/images/stories/EDA/Enhancement_Grant_2010.pdf

 

Fix-up Grant

Contact:

Robin Leslie, City Administrator
507-553-6371, Ext. 1

Description:

The City of Wells, through the Commercial Building Enhancement Program, supports the maintenance and updating of commercial buildings in the City of Wells.

Eligible Use of Funds:

All work must be done on the front of the building as it faces a street or avenue.

Learn More:

http://www.cityofwells.net/images/stories/EDA/Enhancement_Grant_2010.pdf

 

Revolving Loan Fund:

Contact:

Robin Leslie, City Administrator
507-553-6371, Ext. 1

Description:

The primary purpose of the Revolving Loan Fund program is to provide financial assistance to existing businesses and new businesses through joint private and public action for the purpose of enhancing tax base, expanding job opportunities, redeveloping blighted properties, providing enhancement of Wells downtown, furthering the mission of the EDA.

Eligible Use of Funds:

A. Exterior Improvement Loan

* All work on the front and sides of business building facing public streets
* Cleaning, painting and staining of exterior surfaces
* Masonry repairs
* Repairing or replacing the cornices, entrances, doors, windows, decorative details and awnings
* Sign removal, repairing or replacement
* Architectural design services for plans and specifications.
* Parking lots, including lighting, surfacing and landscaping.
* Building identification
* Other items that are viewed necessary to complement the exterior of the building.
* Building permits.
* Energy audits
* Roofing
* Energy conservation
* Handicap access
* Streetscape costs not financed by special assessments

B. Exterior-Interior improvement Loan

In addition to the uses of exterior improvement loan the following expenditures are eligible:
*Almost all fixed improvements including the repair and or decoration of walls, ceilings, floors, lighting, windows, doors, entrances, electrical plumbing, mechanical, air conditioning, architectural change, energy improvements, and the like
*Professional fees in conjunction with the completion of a project may be paid for reasonable engineering, architectural and other related service fees necessary to plan, estimate costs and the like

C. New Industrial Construction
Eligible expenditures include professional fees for reasonable engineering, architectural and other services needed to plan, estimate and undertake construction, site preparation, construction of the building, and purchase and installation of fixed building assets. Fixed building assets are those which normally pass to the new owner when a building is sold, in the sole discretion of the committee.

D. Production Equipment Loan
Loan funds may be borrowed for the purchase of production equipment. Production equipment or machinery will increase the productivity of the business. The purchase of equipment should also contribute to new job opportunities or business investments.

E. Existing Structures
Loan funds may only be used for the purchase of an existing structure with the intent to remodel that structure, or the remodeling of a structure which the applicant already owns. Loan funds may not be used for the demolition of existing structures, without the Committee’s approval.

 Learn More:

http://www.cityofwells.net/images/stories/Community_Development/revolving_loan_fund.pdf