C ampbell’s Redevelopment Agency matches private investment with Storefront Improvement Program Area public funds to facilitate facade up- grades under the Historic Downtown Storefront Improvement Program. The Agency leverages public money with an investment from property owners and/or tenants, for eligible improvements making significant storefront enhancements, where Historic Downtown the property due to neglect and/or obsolescence, has not been improved. Storefront Improvement Program Before FOR AN APPLICATION OR INFORMATION City of Campbell CONTACT Before REDEVELOPMENT AGENCY COORDINATOR 70 N. First Street 408-866-2192 Campbell, CA 95008 www.cityofcampbell.com www.cityofcampbell.com Who is eligible? of work; 2) performed by a licensed contractor with proper permits; 3) Application Architectural drawings provided by an Agency approved architect; 4) re- SIP applicants must take a comprehen- quires the applicant sign a continuous sive design approach to the storefront property maintenance agreement. project using a combination of improve- ments such as upgrading or replacing Loan Program exterior ﬁnishes, new paint, new win- Downtown property owners (tenants are dows, lighting, pavers, built in planter not eligible) who own buildings with the boxes, new sign, awnings, architectural ground ﬂoor reserved for merchandise cornices, and moldings. These enhance- retailers and/or restaurant businesses ments will signiﬁcantly restore the visu- within the boundaries of the program al and economic vitality of the building area may be eligible for a loan. Loan and Campbell’s historic retail district. funds are to be used as part of a com- prehensive plan for major storefront Before Grant Program Owners of Downtown properties or busi- changes which signiﬁcantly alter the Eligible Improvements nesses within the boundary of the program building façade. The property owner may be eligible for a maximum loan up A combination of exterior improvements area may be eligible when they invest to $20,000 (minimum of $5,000), when are eligible and expected under the an amount equal to/or greater than the matched with private investment of an program such as new: exterior ﬁnishes grant amount for eligible improvements. equal amount, over and above the al- like brick, wood, stone, stucco, tile, Grants lowable grant amount. Ofﬁce buildings painting, windows, light ﬁxtures, pav- > Funds may be used for architec- and non-conforming uses are not eligible. ers, built in planter boxes/areas and tural and permit fees in conjunc- irrigation systems (excludes plants), tion with completed improvements; Loans For more extensive projects, the prop- new business signage, awnings, archi- > Grant may not exceed 50% of the tectural cornices, moldings, and res- maximum eligible amount in match- erty owner (not tenant) may be eli- gible for a maximum $20,000 loan toration of historic structures. Labor ing funds for facades fronting and materials, architectural draw- a public street or public parking; (minimum of $5,000), when matched with an equal amount in private funds. ings, and permit fees associated with > Properties with less than 50 lin- eligible improvements are allowed. eal ft. of frontage may be eligible > Loans: only used for construction; > Repayment term: from 1-3 yrs; Artificial plants are not permitted. for up to $15,000, $20,000 for 51 or more lineal ft., in matching funds > Pay an interest rate equal to the re- turn to be earned by the Agency over NOT eligible are maintenance type for the entire building and/or a the loan term; improvements such as any façade prorated amount per tenant space. > Secure loan by a Deed of Trust on repairs, roof repairs, plumbing, Program Requirements the property and a Promissory Note; electrical, structural upgrades and All improvements shall be: 1) approved > All documents will be recorded with tenant improvements not associat- by the Agency prior to commencement ed with a comprehensive upgrade.
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