City of Cornwall – Heart of the City Program: Parking and Landscape Enhancement Program

Description:

The Parking and landscape enhancement Program program comprises of interest-free loans repayable over a maximum 10 year term. Funding applies to projects which may include development or enhancement of parking, landscaping or the provision of related amenities such as seating. A project may also include the creation of a parking lot funded jointly by more than one property owner, and in relation to either a single parcel of land or multiple parcels.

Comments on Funding:

The maximum level of assistance per property owner per project is $25,000, an interest-free loan over a maximum 10 year term.
Funding is further limited to the total eligible cost where this is less than $25,000.
The maximum combined total of interest-free loans under this Program per property owner is $75,000.

Eligibility:

Applicants must be property owners with projects which may include development or enhancement of parking, landscaping or the provision of related amenities such as seating.

Applications Steps:

Application steps:

Documentation Needed:

Applicants must submit with their application:

  1. the concept/design plans;
  2. any written estimates from qualified contractors/consultants/etc (materials, labour, professional services fees, a unit cost per parking space and site plan for parking layout, for example). The Evaluation Committee may recommend selection of a specific estimate to successful applicants.
  3. copy of their most current tax receipt;
  4. a Letter of Authorization from the Registered Owner(s) MUST accompany this request indicating support for the subject Applicant(s) to proceed accordingly, if the Applicant(s) is not the Registered Owner(s) of the Property subject to this HOTC Program Application.

Program Contact:

Recover Potential

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