MAINSTREET SHELBYVILLE INSIDE RENOVATION GRANT APPLICATION
This grant application applies to the downtown historic Shelbyville trade area.
MAXIMUM AMOUNT OF GRANT $5000.00
USES OF FUNDS:
Inside renovation of existing buildings to include upper and lower floors for commercial or non-residential use only.Other uses include the purchase of inside equipment provided the equipment is a permanent part of the building, inside fixtures provided the fixtures are a permanent part of the building, building renovation supplies, building renovation materials and inside lighting provided the lighting is a permanent part of the building. If the inside equipment, inside fixtures and inside lighting are portable in nature i.e. they can be moved from the building then they will be funded up to twenty per cent (20%) of the total cost of the item or items. The Mainstreet board will be the final authority concerning usage of these funds.
NON USAGE of FUNDS
Any illegal, immoral, or unsavory enterprises; financial gain; investment or speculative businesses; real estate investment; gambling-related activities; political or religious activities; refinancing existing debt; accounts payable; purchase of inventory; short term working capital; accounts receivable and routine maintenance of the building. The Mainstreet Shelbyville board will be the final authority concerning non-usage of these funds.
WHAT IS THE GRANT PROCEDURE?
For a business that wants to obtain a grant the applicant must do the following::
- Obtain an application from the Mainstreet Shelbyville office, fill it out, and return it to the Mainstreet Shelbyville office along with detailed quotes for the project and supporting documents.
- When the application is received along with the detailed quotes and supporting documents, it will be reviewed by a three (3) person Mainstreet Shelbyville committee. If the application and supporting documents are approved by the three (3) person committee, the application and supporting documents will be presented to the eleven member board. If a majority of the eleven (11) member board approves the project, then the applicant will be notified within sixty (60) days or sooner that the grant has been approved.
- Funds will be distributed to the applicant after detailed invoices are submitted for the proposed quotes as well as a Memorandum of Understanding between Mainstreet Shelbyville and the Grantee.
DO THESE FUNDS HAVE TO BE REPAID?
Grant funds must be repaid in an amount and manner as described on the attached sheet.
DATE of APPLICATION: ------
NAME of BUSINESS: ------
BUSINESS ADDRESS: ------
BUSINESS PHONE: ------
HOME PHONE: ------
BUSINESS FAX: ------
E-MAIL ADDRESS: ------
LESSEE: ------(Check One)
LESSOR: ------(Check One)
PLEASE STATE THE REASON THAT YOU ARE APPLYING FOR THESE FUNDS:
DATE YOU LAST IMPROVED THE INSIDE OF YOUR BUILDING: ------
DETAILED DESCRIPTION OF THE PROJECT.
TOTAL ESTIMATED COST OF IMPROVEMENTS ($): ------
AMOUNT REQUESTED FROM GRANT PROGRAM ($): ------
PLANNED DATE TO BEGIN CONSTRUCTION OR INSTALLATION:------
Please attach with this application detailed quotes in writing , a current business plan, current statement of net worth, and either a current income statement or a pro forma income statement. Other supporting documents may be required. This project must start within six (6) months of the approval of the application and signing of the Memorandum of Understanding (MoU) between the Grantor and Grantee.
SIGNED:
LESSEE: ------
DATE: ------
LESSOR: ------
DATE: ------
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