Authorize the (1) establishment of a City Council District 5 (District 5) Exterior Improvement Grant Program for Commercial Properties in accordance with the Program Statement (Exhibit A) for economic development grants of up to $100,000.00 to eligible small businesses in City Council District 5 to support building facade improvements and other exterior capital improvements to commercial properties in City Council District 5; and (2) rescission of the Pilot Economic Development Program established on June 12, 2019 specifically for Neighborhood Empowerment Zone No. 10 (“NEZ No. 10”), and (3) reallocation of the remaining $950,000.00 from the NEZ No. 10 Economic Development Program to the District 5 Exterior Improvement Grant Program for Commercial Properties - Not to exceed $950,000.00 - Financing: ECO (I) Fund (2017 General Obligation Bond Fund) *In alignment with Economic Development Incentive Policy.

Committee

Office of Economic Development

Requested by

Office of Economic Development (ECO)

Introduced

May 29, 2026

On agenda

June 24, 2026

Enactment no.

26-1044; APPROVED

Where it was heard

City Council Jun 24, 2026

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