Development Fund

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 contact Devon Rodriguez at 916-727-4745 to discuss your project.