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Town to establish rehab incentives

In an effort to encourage development and rehabilitation of buildings in it’s downtown Enterprise Zones, the Town of Pulaski is establishing an incentives program.
Tuesday night, Town Council was presented with a draft list of incentives that could be made available. After some discussion, council instructed town staff to prepare a final list for adoption at a later meeting.
Incentives considered include:
• Waiver of a $125 rezoning fee for businesses relocating into the Enterprise Zone.
• Waiver of building permit fees up to $500 for rehabilitation of commercial or multi-family residential structures deemed blighted.
• Providing support for utility improvements for new businesses or businesses expanding. Requests will be considered on a case-by-case basis.
• Providing rehabilitation real estate benefits for increases in assessed property value resulting from rehabilitation of commercial and industrial buildings in the Enterprise Zones. Rehabilitation costs must be at least $20,000; apply to a three-year period; and commercial historic district guidelines must be followed.
• Waiver of business occupation license fees for the first $50,000 in gross receipts for businesses requiring the license. The town already offers this incentive.
• A 50 percent benefit will be given based on the assessed value of a new commercial or multi-family residential building for the first three years only. Building construction costs must exceed $100,000.
• New or existing businesses can request Pulaski Fire Department to assess their fire prevention program and specific fire prevention opportunities will be discussed.
• New or existing businesses can request Pulaski Police Department to assess their crime prevention program and specific crime prevention or public safety problems will be discussed.
• Reimbursement of architectural design costs up to $250 for structure rehabilitations in the Enterprise Zones. The Architectural Review Board must give advance approval of the plan when necessary; rehabilitation costs must exceed $30,000; and the architectural design costs must exceed $1,000.
• Reimbursement of landscape design costs up to $350 with the addition of new landscaping. The Architectural Review Board must give advance approval of the plan when necessary; landscaping costs must exceed $7,500; and the landscaping design costs must exceed $800.
Councilman Joel Burchett Jr. asked why the incentives only apply to the Enterprise Zone.
Town Manager John Hawley said it is an effort to spur development in those areas.
Burchett said he “would almost like to see it town-wide.
Economic Development Director John White said offering the incentives town-wide would make it difficult to determine the impact of the program on the town’s budget. Besides, he noted, any requests that involve areas outside the zones could be brought to town council for consideration.
Council gave its first approval of extending the incentives outside the Enterprise Zones Tuesday night when council agreed to apply the proposed incentives to Greg East’s rehabilitation of an apartment building at 72 Third Street, just outside one of the zones.
Renovation costs for that project are expected to be $117,600.

Town to establish rehab incentives

In an effort to encourage development and rehabilitation of buildings in it’s downtown Enterprise Zones, the Town of Pulaski is establishing an incentives program.
Tuesday night, Town Council was presented with a draft list of incentives that could be made available. After some discussion, council instructed town staff to prepare a final list for adoption at a later meeting.
Incentives considered include:
• Waiver of a $125 rezoning fee for businesses relocating into the Enterprise Zone.
• Waiver of building permit fees up to $500 for rehabilitation of commercial or multi-family residential structures deemed blighted.
• Providing support for utility improvements for new businesses or businesses expanding. Requests will be considered on a case-by-case basis.
• Providing rehabilitation real estate benefits for increases in assessed property value resulting from rehabilitation of commercial and industrial buildings in the Enterprise Zones. Rehabilitation costs must be at least $20,000; apply to a three-year period; and commercial historic district guidelines must be followed.
• Waiver of business occupation license fees for the first $50,000 in gross receipts for businesses requiring the license. The town already offers this incentive.
• A 50 percent benefit will be given based on the assessed value of a new commercial or multi-family residential building for the first three years only. Building construction costs must exceed $100,000.
• New or existing businesses can request Pulaski Fire Department to assess their fire prevention program and specific fire prevention opportunities will be discussed.
• New or existing businesses can request Pulaski Police Department to assess their crime prevention program and specific crime prevention or public safety problems will be discussed.
• Reimbursement of architectural design costs up to $250 for structure rehabilitations in the Enterprise Zones. The Architectural Review Board must give advance approval of the plan when necessary; rehabilitation costs must exceed $30,000; and the architectural design costs must exceed $1,000.
• Reimbursement of landscape design costs up to $350 with the addition of new landscaping. The Architectural Review Board must give advance approval of the plan when necessary; landscaping costs must exceed $7,500; and the landscaping design costs must exceed $800.
Councilman Joel Burchett Jr. asked why the incentives only apply to the Enterprise Zone.
Town Manager John Hawley said it is an effort to spur development in those areas.
Burchett said he “would almost like to see it town-wide.
Economic Development Director John White said offering the incentives town-wide would make it difficult to determine the impact of the program on the town’s budget. Besides, he noted, any requests that involve areas outside the zones could be brought to town council for consideration.
Council gave its first approval of extending the incentives outside the Enterprise Zones Tuesday night when council agreed to apply the proposed incentives to Greg East’s rehabilitation of an apartment building at 72 Third Street, just outside one of the zones.
Renovation costs for that project are expected to be $117,600.