Historic Downtown Revitalization Grants, Programs and Incentives
The City’s goal is to provide help for businesses that can become long-term partners in Coffeyville’s vibrant business community. The City strives to bring businesses together to support each other through the overall economic development of Historic Downtown Coffeyville.
The City of Coffeyville has established the Historic Downtown Relocation Incentive Program and the Historic Downtown Rehabilitation Programs to help support economic development and community revitalization efforts in Historic Downtown Coffeyville. The programs offer a variety of building improvement activities, including mixed-use, façade, construction, electrical, and plumbing for building restorations. The City of Coffeyville also offers tax incentives for a variety of building improvement activities, including Neighborhood Revitalization (NRA)Tax Rebate Program, Community Improvement District (CID) Sales Tax Rebate Program, Industrial Revenue Bond (IRB) Program, and Rural Housing Incentive District (RHID) Upper Story RHID Program for qualified downtown businesses.
Note: All programs and incentives are subject to all applicable federal, state and local laws and regulations. The Coffeyville Historic Downtown Rehabilitation Grants, Programs and Incentives are subject to budget restrictions, available funding and yearly City Commission approval.
Historic Downtown Relocation Incentive Program
Coffeyville’s Historic Downtown flows with rich heritage of economic opportunities for entrepreneurs. The Historic Downtown Relocation Grant Program gives $5,000.00 to an individual business to aid in its relocation into Coffeyville’s Historic Downtown. The Historic Downtown Relocation Incentive is one of the ways the City of Coffeyville can partner with an individual business to increase the value of locating the individual business in Coffeyville’s Historic Downtown.
HISTORIC DOWNTOWN REHABILITATION GRANT GUIIDELINES
Historic Downtown building owners are eligible for one (1) rehabilitation grant per calendar year. Each program application will be considered separately and the City may choose to award assistance to only one or multiple applications for a single property, regardless of the eligibility. Historic Downtown building owners may apply for funding of one Historic Downtown Rehabilitation Program per calendar year.
Historic Downtown Mixed-use Development Grant Program
The Historic Downtown Mixed-use Development Grant Program for downtown Coffeyville assists with the renovation and rehabilitation of retail and commercial properties within the Historic Downtown. The grant program is designed to encourage occupancy of unused space within the downtown area and serve as a catalyst to preserve the structures that give Historic Downtown Coffeyville its character and unique sense of place.
Historic Downtown Façade Improvement Grant Program
The City of Coffeyville recognizes the positive impact individual façade improvements can have on the overall appearance, quality and vitality of the City’s Historic Downtown. The Façade Improvement Program is in keeping with the economic development strategies outlined in the City’s Strategic Plan 2030.
Historic Downtown Construction Improvement Grant Program
The Construction Improvement Program is designed to facilitate private sector investment in making these desired interior or exterior improvements. The Construction Improvement Program offers financial assistance, in the form of a matching grant up to $5,000.00 to retail or commercial property owners or business owners seeking to rehabilitate retail or commercial building’s in the City’s Historic Downtown
Historic Downtown Electrical Improvement Grant Program
The Electrical Improvement Program is designed to facilitate private sector investment in making these desired interior or exterior improvements. The Electrical Improvement Program offers financial assistance, in the form of a matching grant up to $5,000.00 to retail or commercial property owners or business owners seeking to rehabilitate retail or commercial building’s in the City’s Historic Downtown.
Historic Downtown Mechanical Improvement Grant Program
The Mechanical Improvement Program is designed to facilitate private sector investment in making these desired interior or exterior improvements. The Mechanical Improvement Program offers financial assistance, in the form of a matching grant up to $5,000.00 to retail or commercial property owners or business owners seeking to rehabilitate retail or commercial building’s in the City’s Historic Downtown.
Historic Downtown Plumbing Improvement Grant Program
The Plumbing Improvement Program is designed to facilitate private sector investment in making these desired interior or exterior improvements. The Plumbing Improvement Program offers financial assistance, in the form of a matching grant up to $5,000.00 to retail or commercial property owners or business owners seeking to rehabilitate retail or commercial building s in the City’s Historic Downtown.
HISTORIC DOWNTOWN REHABILITATION INCENTIVES
Historic Downtown incentives are available from the City of Coffeyville include (but are not limited to) neighborhood revitalization (NRA), industrial revenue bonds (IRB), community improvement district (CID), and Rural Housing Incentive District (RHID) Upper Story. Each request for incentives will be evaluated on an individual basis. Should an incentive program be discontinued, the City Commission will honor any incentive committed to before the discontinuance of the program.
Neighborhood Revitalization Program (NRP)
Tax incentives are a valuable tool for Coffeyville’s Historic Downtown rehabilitation. Rehabilitation of properties in the Coffeyville Historic Downtown produces benefits not only to the immediate Historic Downtown, but also to the entire community. The Coffeyville Neighborhood Revitalization Program (NRP) is a way to receive up to a ten-year rebate on the increased taxes actually paid because of new construction or rehabilitation projects in the Neighborhood Revitalization Area (NRA). The Historic Downtown has been determined to be located in the Neighborhood Revitalization Area. If you are building a new structure or making significant improvements to your commercial building located in the Historic Downtown area, your project may be eligible for the Neighborhood Revitalization Program incentive.
Community Improvement Districts (CID)
Community Improvement Districts (CID) allow the governing body to levy additional taxes to fund improvements in the district. The taxes are derived from retail sales or special assessments on real property. CIDs can be used for commercial, industrial or mixed-use projects. CID tax revenue can be used to pay for a wide range of capital costs and certain on-going operating costs. CIDs may impose a retail sales tax of up to 2% or special assessment taxes on real property for up to 22 years.
Industrial Revenue Bond (IRB)
Kansas law authorizes cities to issue industrial revenue bonds to provide financing for private business facilities. These bonds may be used to pay all or a portion of the costs of purchasing, improving, repairing/remodeling, or improving certain types of facilities (i.e. industrial and manufacturing facilities, agricultural, etc.). When IRBs are used as financing, the city holds legal title to the facility while the bonds are outstanding. During this period, the facility is exempt from property taxation for up to 10 years.
The program is intended to promote the revitalization of designated areas of the City of Coffeyville through the rehabilitation, conservation or redevelopment of those areas in order to protect the public health, safety and welfare of the residents of the City. More specifically, a property tax rebate will be available for eligible improvements or renovations to properties located within the area.
Rural Housing Incentive District (RHID) Upper Story RHID Program (2nd story and higher)
Kansas Senate Bill 90 (SB90) states that eligible residential improvements shall include only improvements made to the second or higher floors of a building or other structure. Improvements for commercial, e.g. retail or restaurant purposes, shall not be eligible.
Kansas SB90 determines that costs for the construction and rehabilitation of upper-story units are reimbursable. Reimbursable costs could include plumbing, HVAC, walls, flooring, removal of hazardous substances or materials, roofing, framing, etc.
Kansas SB90 determines that the increment can be used to reimburse costs for the construction and rehabilitation costs for upper-story units. Ultimately, it is up to the city to interpret the statutory language. If there are questions about expense eligibility of a proposed project.
Under the provisions of Kansas SB 90, roofs and HVAC units are eligible for reimbursement to the developer. Appliances, furniture and/or other personal property may not be counted as eligible expenses.
If the property is acquired for upper-story development into housing units. RHID amendments in SB90 are only to be used for upper-story residential units, not commercial property, and the type of acquisition, such as a condominium agreement, would warrant consideration to separate the units for correct capture of the property tax valuation. Only costs associated with the upper-story residential uses would be eligible.
RHID is a locally driven program. The City governing body takes the lead in establishing the RHID. The City must take action to complete the Housing Needs Analysis, set the physical boundaries of their RHID, and pass a resolution to establish the RHID, apply to the Secretary of Commerce for approval of the district, and create their development plan. The City governing body has discretion over what percentage of the increment and length of time it is paid to the developer.
The Development Agreement between the City governing body and the developer outlines terms of the RHID, the scope and size of the project, the amount of the increment to be reimbursed to the developer for eligible expenses, and the deliverables of the developer to the City for the RHID project. There is no template.
The Comprehensive Feasibility Analysis should outline the summary of needs and justification of proposed solutions in the redevelopment plan. There is no template.
Each individual building in the RHID must have an appraised value to participate. The baseline for the RHID ad valorem taxes would be based on the County Appraiser’s valuation. The property value is determined by the county at the time the RHID is created.
If the completed post-project appraisal of the building is not significant enough to pay off the debt using the RHID program, the developer should understand the existing and future valuations of the property to allow for a solid financing plan. Before initiating the project, it might be helpful to work with the County Appraiser to describe the planned investment.
Other grants, loans, and other financing can be used in conjunction with the RHID program to help finance the project.
Once the Secretary approves the HNA and the RHID is established via the redevelopment plan, the project may begin. Depending on the scheduling of the public hearing and the adoption of the resolution, the process could take up to a couple of months.