Town of Dillon Property Improvement Incentive Grant
What is the Dillon Property Improvement Incentive Grant?
The Program’s goal is to:
- Leverage private improvements while making revitalization efforts affordable, creative, and community-based.
- Consistency with the Town Core district improvements.
- Promote economic vitality within the Town Core.
The grant offers 50/50 split up to $10,000 in matching funds to commercial businesses (this includes both business and property owners) in the Town Center to improve the appearance of individual buildings, as well the overall look of the town core. Approved Improvements:
- Signs (new, repairs, replacements, removal)
- Facade improvements visible from the public right-of-way
The Property Improvement Incentive Grant is administered through the Town of Dillon’s Economic Development Committee with final approval by the Town Council.
How does the Property Improvement Incentive work?
After review of the application, the applicant should meet with the Town and/or Economic Development Committee representatives, and then complete the Grant Application Form, with attached documentation. Documentation includes: ownership proof or lease (length only); architectural and/or sign shop drawings; material/color samples; cost estimates; and maintenance plan.
Incentive Approval Criteria:
- Impact of the project within the Town Core
- Aesthetic value - Town Core Design Guidelines - “Mountain Lakestyle”
- Addition to overall quality of the Town Core
- Addition to overall quality of adjacent properties
- Visibility from public right-of-way
- If tenant (business owner) - then at least two years remaining on lease or option to renew.
- Multiple bids are required if the improvement is over $3,000. Summit County contractors are preferred, meaning that if there are multiple equal applicants, the applicant with local contractors will have a stronger application.
The Economic Development Committee will conduct a final review of the application and supporting materials and make a recommendation to the Town Council. The Town Council will vote to accept, accept with conditions, or deny the application.
If the application is accepted, the applicant will receive a Letter of Commitment from the Town indicating the specific amount of grant funding and information on any other requirements. The applicant then proceeds with the necessary reviews and permitting process required by all governmental entities.
Funds will be released to the applicant upon full construction completion and improvement inspection by the Town of Dillon for determination that the actual work performed was the work submitted in the application process. Copies of the paid invoices/receipts must be submitted to the Town for reimbursement.
A lien, in amount of the grant, will be filed upon the subject property. If the applicant removes the improvement, the improvement falls into disrepair, or property/business changes ownership within three years, then applicant will return a pro-rated amount of the grant money received.
Improvements selected for the grant must be completed within six months of approval, unless extended by the Town Council. If not complete within six months, grant may be revoked. The applicant is responsible for obtaining all building permits, other permits, conforming to all applicable safety standards, and maintaining the property and improvements made through Property Improvement Incentive Grant.
- Painting as a part of an overall improvement project (painting as a stand alone project is not eligible)
- Siding and building exterior material replacement
- Awnings - cloth or metal as permitted under existing zoning (backlit and plastic are excluded)
- Parapet wall and cornice improvements and additions
- Architectural details and decorative lighting
- Replacement or rehabilitation of exterior doors and windows to improve the aesthetic appearance
- Rooftop mechanical screening
- Interior improvements
- Improvements not visible from a public location
- General Maintenance