About the Program
The Development Fund received a one-time allocation that if agreed upon each year by the
City Council, the remaining balance is carried over from year-to-year until exhausted. The current balance of the fund is approximately $540,000. This program is meant to be flexible in order to capture development opportunities and reduce or eliminate impediments to development. The program is divided into 3 parts:
Incentives
For Businesses, Property Owners, or Developers
- Assistance with development requirements, such as undergrounding utilities, offsite improvements, and sewer relocation
- Funding to assist in the attraction, retention, or expansion of a business in the city (this could also include special studies to spur development of a specific project)
Prospective or New PBIDs & BIDs
- Start-up costs up to a maximum of $25,000
- Supplemental operation funds for a maximum of 3 years
- Advancement of funding for special projects payable with future assessment
Existing PBID & BIDs
- Renewal assistance, up to a maximum of $20,000
- Advancement of funding for special projects payable with future assessments
Contact & Application Information
If you are interested in applying for assistance, please call 916-725-2448 to discuss your project.