Façade Grant Clause Samples
A Façade Grant clause establishes the terms under which financial assistance is provided to property owners for the improvement or restoration of a building’s exterior. Typically, this clause outlines eligibility criteria, the scope of work covered (such as painting, repairs, or architectural enhancements), and the process for applying and receiving funds. By specifying these details, the clause encourages property upgrades, enhances neighborhood aesthetics, and supports community revitalization efforts.
Façade Grant. In consideration of and subject to the Grant Recipient’s compliance with all of the terms, provisions, covenants, conditions and obligations of this Agreement, the City shall, as an economic development incentive, provide to the Grant Recipient a façade grant in the amount equal to the lesser of (i) fifty percent (50%) of the costs and expenses incurred and paid by the Grant Recipient in connection with Eligible Reimbursements within the scope of the Work; or (ii) the Maximum Grant Amount (the “Facade Grant”).
Façade Grant. City agrees to provide ▇▇▇▇▇ Recipient a grant not to exceed Eight Thousand Dollars ($8,000) for documented costs that improve the overall appearance of the Development Property, provided the Project as completed meets the criteria of the Façade Grant Program.
Façade Grant. City agrees to provide a matching (1:1) grant not to exceed Ten Thousand Dollars ($10,000) for documented costs that improve the overall appearance of the Development Property, provided the Project as completed meets the criteria on the terms and conditions set forth in Exhibit H.