Comments on Funding:
The maximum Grant amount under this Program is paid on a matching basis (50%-50%) for eligible work to a maximum of:
a. $5,000 where the Applicant has entered into a lease term of no less than three months and no longer then six months less a day for the space where improvements will be undertaken, and which is the subject of a Program application; or
b. $10,000 where the Applicant has entered into a lease term of six months or longer for the space where improvements will be undertaken, and which is the subject of a Program application.
Applicants must submit:
a complete Program application to the Economic Development Division prior to the commencement of works that are the subject of a Program application;
pay the application fee upon submission of application:
a) $105.00 Administration Fee for Grants of $5,000 or less;
b) $280.00 Administration Fee for grants less than or equal to $10,000 & Greater than $5,001.
Applicants must submit:
- Completed Application Form;
- Payment of Application Fee;
- Two (2) dated estimates for each of the permanent works being proposed for funding;
- Copy of a draft lease agreement for the commercial space/building that is the subject of a Program application;
- If the tenant of the property is the applicant, written authorization of the Property Owner that the applicant is authorized to make the application must be included with this application;
- Articles of Incorporation Documents (if applicable);
- Articles of Amendment (if applicable);
- Partnership Agreement Documents (if applicable);
- Shareholders Registry (i.e. List of Shareholders and their respective percentage ownership) (if applicable);
- List of Applicant’s Officers and Directors (if applicable);
- Anticipated start date for construction as well as anticipated completion date;
- Photos demonstrating state of property prior to construction/renovation taking place. Hard copies of photos are to be date stamped.
Applications shall include plans, estimates, contracts and other details as may be required to satisfy the City of Peterborough as to the cost of the improvement/development and conformity with the objectives of the Revitalizing Hamilton’s Commercial Districts Community Improvement Plan.
Other Things To Note:
For further details please contact City of Hamilton’s Planning and Economic Development Department at (905) 546- 2424 Ext. 2755.