Cocoa City Council Approves Resolution For New Commercial Property Enhancement Grants
By Space Coast Daily // July 4, 2016
matching grant with a maximum of $5,000
BREVARD COUNTY • COCOA, FLORIDA – The Cocoa City Council recently approved a resolution providing for program guidelines and eligibility for the Commercial Property Enhancement Program (CPEP).
The CPEP is a performance-based reimbursement grant designed to encourage private investment and improvements to exterior frontage of commercial properties located along major transportation corridors in Cocoa.
The CPEP is intended to enhance and improve the street view of the built environment from the public perspective, making Cocoa more competitive in attracting new business.
Similar to the Façade Grant programs already in place within the City’s Community Redevelopment Agencies, the Program is a 50/50 (public-to-private) matching grant with a maximum of $5,000 and is subject to funding availability, and awarded on a first-come, first-ready basis.
Additionally, grantees with a minimum investment of $20,000 may receive building permit fee reduction up to 50 percent with City Council approval.
Eligible properties include commercial properties located within the city limits of Cocoa having frontage along the following roads: U.S. 1, State Road 520, State Road 524, Fiske Boulevard, Dixon Boulevard, and Clearlake Road.
Properties located within a Community Redevelopment Area (CRA) are ineligible unless there are no funds available through the CRA in which the property is located during the fiscal year the application is submitted.
Eligible improvements include roof repairs and replacement, installation of exterior fixtures, exterior façade restoration, exterior painting, replacement or glazing of windows and doors, signage, certain awning or canopies, landscaping enhancements, asphalt removal/replacement and parking area repaving/restriping, irrigation system and installation, and dumpster enclosures.
Funding for the program is available immediately and applications are being accepted. Grant funds will be disbursed on a reimbursement basis upon proof of receipts, proof of payment and final inspection by the City of Cocoa’s Building Division.
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