The Town of Bennett, through Benefits of Bennett plan (BOB), may provide a reimbursement grant of up to 50% of the costs of a qualifying project in an amount up to $5,000 per business and not to exceed $15,000.00 per building per year. The purpose of the program is for eligible property owners and tenants to upgrade the appearance of existing storefronts/building facades or primary public entrances in order to help create a positive commercial environment in Bennett, Colorado.
The BOB is a reimbursement grant program that is administered on a first-come, first-served basis and is subject to annual Town funding. In order for a project to qualify for reimbursement, the project must receive grant approval from the Town prior to beginning construction. Approved business recipients will be required to provide paid invoices of the completed project, which shall be subject to verification and approval, prior to receiving reimbursement funds and shall meet all Town codes requirements. This program does not reimburse sales tax or Town permit and application fees. The intent of the BOB plan is to assist small businesses with improving and upgrading existing building facades in Bennett, especially along the core downtown corridor. The BOB seeks to bring new life to existing buildings or (sign) structures, which do not conform to current standards or are in need of a "facelift.” By assisting property owners to upgrade the appearance of their buildings, the aesthetic environment of Bennett is enhanced, thus improving the economic vitality for all businesses and the Town as a whole.
Completed BOB application to include:
- Proof of property ownership
- The applicant must submit (2) written bids for the same scope of work from two different contractors. The applicant may use either contractor, however, the Town will base the reimbursement on the lowest bid.
- Photos and color renderings of the proposed improvements
- Owner Consent Letter, if applicable
The improvements must obtain all appropriate Town approvals (e.g. Site Plan, Site Plan Amendment, Building permit, sign permit), be consistent with the BOB intent and guidelines, and are subject to all applicable Town ordinances and standards. Requests for BOB funding may run concurrently with other required Town approval processes. The BOB reimbursement grant requires that the recipient invest an equal or greater amount towards the improvement efforts. The Town’s reimbursement will not exceed $5,000 per business or $15,000 total for a multi-tenant building. The BOB plan is subject to funding availability. Funding is determined on a first come, first served basis. Applicants are to designate one person who will be the applicant’s contact person for this project. The applicant selects the contractor and is responsible for completing any agreements with the contractor for all improvements. A BOB applicant may be required to execute an agreement with the Town outlining among other things, the terms and conditions of reimbursement.