The intent of the Downtown Community Improvement Program (CIP) is to provide money incentives for the upgrade of Downtown properties so that Downtown would become more attractive and prosperous. The first grants and loans were in 2016 and they have been disbursed each year since then. (See reports below). For 2019, there will be only one intake (instead of 2 in previous years) and the budget decreased from $150K to $75K. In addition, there will be an increased focus on larger projects like the one in 2018 at 35 King (Cheslers) which added new apartment units. Another criterion is high leverage – that is, where the total project costs a significant multiple of the amount granted. Note that the cost to the Town consists of grant dollars, plus loan admin and interest costs.
At the committee of the Whole meeting on September 23, staff will present a report with recommendations for several projects that add residences and improve facades. Twelve applications were received; six were ranked more favourable but all were recommended. Many people have pointed out that one of the best ways to vitalize downtown is to have more people actually living there so projects that add or upgrade residential units are particularly beneficial.
The total CIP grants and loan costs come to $115K which is $40K higher than the budget allocation. The $40K difference will be funded by a grant from the Provincial Government under the “Ontario’s Main Street Revitalization Initiative”.
The largest grant was to a project to add 5 residential units to the second floor of the building on the South-East corner of King and Division (photo above right).
The first 6 of those listed below were ranked more favourably by the CIP committee.
|Location||Grants / Loans||Project $||Details|
|1 King Street East. (TVM Group)||$37,080 Residential Grant and Building Improvement Grant||$630,535||Conversion of vacant upper floor commercial space (was Billiard hall) into 5 residential units|
|38 Covert Street (Lee)
Cat & Fiddle
|$24,000 Residential Grant and Building Improvement Grant. $25,000 Building Improvement Loan and a $40,000 Residential Loan||$229,500||Convert 2nd floor dining room to apartments; Add extension on the west side to house accessible washrooms on the ground floor and a new dining room.|
|52 King Street West (Kest and York)
|$12,340 Façade Improvement Grant and Building Improvement Grant||$83,000||New sign and repairs; note that half has already been leased to a Pharmacy|
|5 King Street West (Bowman)
|$8,655 Façade Improvement Grant and Building Improvement Grant||$37,069||Converting to offices for Schmidt Law Legal Services and upgrade second floor residence.|
|23-29 King Street West (Copeman-Kessler)||$8,455 Façade Improvement Grant and Building Improvement Grant.||$35,360||Re-habilitate the 2nd floor to allow the expansion of the current business (Creative Collective), improve the Facade|
|2 King Street West (Reidrev/Verdier)||$7,540 Study Grant and Building Improvement Grant [reduced to ~$2500 for study grant only]||$79,762||Preparation for adding residential apartments on the second and third floor at 2 King Street West / 239-243 Division Street plus a roof upgrade.|
|77 Albert Street (Lee)
|$6,255 Façade Improvement and Building Improvement Grant||$67,800||Building renovations
|322 George Street (McLachlan)
|$2,715 Façade Improvement Grant [not approved] and $6,942 Façade Improvement Loan||$13,884||Repair Heritage Windows
|112 Orange Street (Brown)
|$890 Façade Improvement Grant [not approved]||$9,119||Upgrade Trim and Eavestrough
|275 George Street (Panaitescu)
|$845 Façade Improvement Grant [not approved]||$4,924||New Window
|80 King Street West (Molen)
Cobourg Coffee House
|$775 Building Improvement Grant [not approved]||$8,721||Upgrade siding and insulation at rear
|6 King Street W. (Reidrev/Verdier)
|$450 Façade Improvement Grant.||$4,500||Façade improvements
Note: the above text has been corrected from the original. The second six applications were viewed less favourably but were recommended by the CIP committee. The original said the second six were not approved. 23 Sept 2019
Update – 23 Sept 2019
Councillors did not approve all the recommendations – Suzanne Séguin was unhappy that grants were being given to private homes and that the rear of a building was being improved. Adam Bureau was unhappy that a roof was being repaired with grant money – see changes in red.
Update – 30 Sept 2019
The above as modified was finally approved at the regular Council meeting on Sept 30. The final total was $104,735 – less than the $115K approved. Most of this difference was then spent on decorative Christmas street lights.
- CIP Update and plan for 2019 – 8 March 2019
- Report on CIP – 27 Nov 2016
- Six new CIP projects for Downtown – 7 May 2017
- Community Improvement Plan Second Intake – 24 August 2017
- Full report from Staff – on Town Portal