CIP Update and Plan for 2019

At the Committee of the Whole meeting on Monday 11 March, staff will report on the results of the Community Improvement Plan (CIP) for 2018 and the planned process for 2019.  As mentioned in the report, the CIP has been implemented since 2016 in response to a 2013 survey where Cobourg residents expressed concern about the “poor appearance of building exteriors, back lanes and parking lots”.  The Downtown Cobourg Vitalization CIP is a collection of 8 incentive programs providing grants or loans for some of the cost of improvements.  The cost to the Town consists of grant dollars, plus loan admin and interest costs, and when compared to the applicants’ contribution, this produces leverage ratios which were 3:1 in 2016,… Read complete articleCIP Update and Plan for 2019