Grants spur $94,000 in downtown Kendallville improvements
March 3, 2016
Grants spur $94,000 in downtown Kendallville improvements
KENDALLVILLE — Last year, the Kendallville Redevelopment Commission granted seven matching grants for downtown property and business improvements totaling $43,489 and representing more than $94,000 in investment, according to the organization’s annual report.
Tuesday night, the City Council reviewed the report during a brief meeting with an abbreviated agenda.
Council members postponed possibly signing off on Noble County’s updated comprehensive plan because a county representative did not appear to present the plan.
The RDC each year has available $80,000 for 50 percent matching grants supporting downtown business district projects to improve buildings. Since 2009, the total grant expenditures have been $368,240, with a total investment from grant recipients of more than $819,000.
Revenue for the program is generated from the downtown tax increment financing district.
The RDC is also supporting the reconstruction of Fairview Boulevard from Dowling Street north to U.S. 6, a project that is scheduled for 2017. In 2014, the RDC selected DLZ of Indiana to engineer the project. Revenue from the eastside TIF district is supporting the project.
