Steed Robinson, Office of Community Development 12/8/2016 Georgia Department of Community Affairs CDBG Economic Development & Redevelopment Examples EIP and RDF March 14, 2017 Steed Robinson, Office of Community Development

Process - What happens after submitting an IPA or Pre-App? Initial Project Assessment (DCA)/ Pre-Application (OGA) PACA Provides guidance for application development Application Development and submission Completeness letters help identify shortcomings in the application Applications often miss something Since most DCA ED and OGA funding is “threshold-based”, allows for Technical Assistance to get applications to funding range. Completeness Letter

EIP GRANT PUBLIC INFRASTRUCTURE

City of Monticello – Norton Packaging Recipient – City of Monticello Sub-Recipient – Norton Packaging Grant Amount – $420,000 Project – public rail spur Private Investment – $2.6 Million Jobs – Create 42, 22 LMI Persons

Source and Use – City of Monticello Amount Use EIP $ 420,000 Rail spur construction DevelopmentAuthority $ 1,006,000 Land & Improvements $ 1,006,000 OGA EDGE $ 50,000 Site Improvements USDA $ 85,000 Building RLF $ 80,000 Rail Spur Construction City $ 10,997 Engineering $ 10,997 Norton $ 2,670,588 Land, building, M&E, F&F $ 2,670,588 Total $ 4,322,585 $ 4,322,585

Special Conditions – Inherent to Rail Spur Projects Bid documents, Bid specifications, signed contract and Bid Bonds. Evidence of other funding source(s). Documentation certifying Rail Company has approved the final plans for the design for the rail spur. Railroad permits. “Intergovernmental Agreement” between local government and Development Authority. “Siding” / “Side Track Agreement” – Title varies according to Railroad Company. “Industrial Track Agreement” - Title varies according to Railroad Company. Economic Development and Construction Agreement – Do Not Execute. Letter of Credit (Surety).

Georgia Department of Community Affairs CDBG Economic Development Redevelopment Fund Program (RDF)

Overview of the RDF Program Encourage communities with blighted properties to focus on long-term community development. Projects must demonstrate the following: Resolution of Spot/Area Basis Blight; Long-term planning and development efforts of the community; Significant impact on the overall project; Strong community commitment; Ready to Proceed; and Completed within 24 months.

Basic Program Parameters Projects must alleviate a “slum or blighted” condition Grant - Public infrastructure in support of business/industry Direct Loan –Assistance to “for-profit” entities”

Successful Spot Basis Project Former Chero Cola Warehouse 204 N. West Street, Greensboro

Building Interior - Before Renovation

Greensboro – Oconee Brewing Company Microbrewery Building Floorplan

Greensboro RDF Award RDF Grant to the City of Greensboro to acquire and stabilize the former Chero Cola warehouse building, a blighted structure located in historic downtown Greensboro to be repurposed as a new microbrewery. Owner and operator: Oconee Brewing Company. Award Amount: $500,000. Initial Total Project Cost: $2,110,917. Evolved Total Project Cost: $2,623,035.

City of Greensboro: Source and Use Amount Use RDF $500,000 Building Acquisition $150,000 Building Stabilization $ 270,000 Architectural/Eng. Fees $50,000 Grant Administration $30,000 City of Greensboro $19,917 Utility Connection Fees, etc. SBA 7a Loan: Bank $1,385,000 Building Stabilization/Rehab. $761,732 Equipment/Inventory $520,095 Contingencies $103,173 Georgia Cities Foundation $241,618 Renovation: Collapsed wall Owner Equity $476,500 Equipment and Bank Financing Fees TOTAL $2,623,035

Greensboro RDF Award – Success! https://www.facebook.com/oconeebrewingcompany/

Program Manager Contacts: Brock Smith – Manager, CDBG Set-Asides (404) 679-1744 brock.smith@dca.ga.gov Gabe Morris – Program Manager (EIP/RDF/ITAD) (404) 679-3174 gabriel.morris@dca.ga.gov