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LV district implements facade improvement grant program
LA VERNIA -- The La Vernia Municipal Development District (LVMDD) approved a Facade Improvement Grant Program April 11 as part of a comprehensive development plan to revitalize the city’s Central Business District.
The LVMDD will use a portion of the economic development sales tax to restore the fronts of existing buildings. The municipal development district will approve a maximum of $5,000 or 50 percent of the actual cost of the facade improvements, whichever is less. While the grant is for all buildings utilized as a business within the city limits, buildings designated as historical by the state of Texas or located in the Central Business District will be given preference.
“We are creating a public incentive that promotes private investment with the outcome of a more vibrant and charming community. Communities, such as Lewisville and Seguin, have successfully utilized similar programs that have brought millions of dollars in renewed investment and new retailers to their towns,” La Vernia Municipal Development District Executive Director Jennifer Kolbe said.
The simple process begins with a building owner submitting drawings that illustrate the planned facade improvements along with cost estimates, color choices, and a timeline for completion. Then, the municipal development district executive director, along with the building owner, makes a presentation to the LVMDD board. Once the project is complete, the municipal development district executive director will certify proof of the expenditures, the date of completion, and recommend payment before funds are disbursed.
According to D. Bradford Beck, president of the LVMDD, “Clean and beautiful buildings will certainly attract new investors and oftentimes a project will stimulate another project especially when a building owner notices their colleagues repairing and upgrading their building.”
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