• TIFA Grant Funding Application

    City of Reading TIFA Incentive & Loan Program . Complete all requested business, project, budget, narrative, acknowledgment, attachment, and local eligibility questions.
  • TIFA Incentive & Loan Program Funding Category (check all applicable)

  • Point of Contact Information

  • Format: (000) 000-0000.
  • Format: (000) 000-0000.
  • Best Way to Contact*
  • Business Role*

  • Business Identity and Organization Details

  • Date Business Formation Filed with LARA
     - -
    2 digit month, 2 digit day, 4 digit year
  • Business Type*
  • For-Profit Entity*
  • Headquartered in Michigan*

  • Business Operations and Facility Details

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  • Business open date or planned open date
     - -
    2 digit month, 2 digit day, 4 digit year
  • Business or business owners own the building
  • Property Purchase Date
     - -
    2 digit month, 2 digit day, 4 digit year
  • Business is a brick-and-mortar storefront in the eligible district
  • Business leases the space it resides in

  • Project Scope, Schedule, and Eligible Activities

    Please describe the scope of the project, including specific activities or expenses, that you are seeking to fund through the TIFA Incentive & Loan program. Explain how the project scope aligns with the budget and cost estimates provided within this application. Additionally, describe why the TIFA Incentive & Loan program funds are needed in order for this project to come to fruition.
  • Proposed Project Start Date*
     - -
    2 digit month, 2 digit day, 4 digit year
  • Proposed Project Completion Date*
     - -
    2 digit month, 2 digit day, 4 digit year
  • Potential Funding Uses Being Considered as part of the project scope(Check all that apply):*

  • Budget, Funding Sources, and Calculation Fields

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  • Narratives, Compliance, Attachments, and Other Questions

  • Have you previously received TIFA funding?*
  • Have you reviewed the 2021 City of Reading Master Plan (Chapter 5 Downtown)?*
  • Have you reviewed the 2022 City of Reading TIFA Plan?*

  • Applicant Acknowledgement and Certification

    Applicant Acknowledgement and Certification I, the undersigned Applicant, certify that I have read and understand the requirements of the City of Reading Tax Increment Finance Authority (TIFA) Comprehensive Incentive & Loan Program and acknowledge the following: (1)Accuracy of Information I certify that all information, financial statements, supporting documentation, and representations submitted with this application are true, complete, and accurate to the best of my knowledge. (2) No Guarantee of FundingI understand that submission of this application does not guarantee funding. All awards are subject to TIFA Board approval, program eligibility, available funding, and compliance with all applicable program requirements.(3) Public Purpose I acknowledge that any funding awarded by TIFA is intended to serve a public purpose by encouraging economic development, redevelopment, increased taxable value, job creation, downtown revitalization, or other objectives consistent with the Reading TIFA Development Plan and applicable law. (4) Program Compliance I agree to comply with all requirements of the approved funding program, including any Grant Agreement, Loan Agreement, Administrative Rules, reimbursement procedures, milestone requirements, reporting obligations, and performance benchmarks.(5) No Pre-Approval Reimbursement I understand that expenses incurred prior to formal TIFA Board approval and execution of the required agreement are not eligible for reimbursement unless specifically authorized in writing by the TIFA Board. (6)Site Access and Inspections I authorize representatives of the City of Reading and TIFA to inspect the project site, verify completed work, and review records necessary to confirm compliance with program requirements. (7) Documentation and Record Retention I agree to maintain all project-related records, invoices, receipts, contracts, permits, and proof of payment for a minimum of five (5) years following project completion and to make such records available upon request.(8) Compliance with Laws I agree to comply with all applicable federal, state, and local laws, ordinances, building codes, zoning regulations, permitting requirements, and Historic Overlay District standards, where applicable. (9)Reporting Changes I agree to promptly notify TIFA of any material changes to the project scope, ownership, financing, timeline, or business operations prior to implementation of those changes. (10)Clawback Provisions I understand that failure to comply with the terms of the funding agreement or program requirements may result in suspension of funding, repayment of grant or loan proceeds, or other remedies as provided in the executed agreement and adopted TIFA policies.(11) Conflict of Interest I certify that neither I nor any person with a financial interest in this project has knowingly participated in any action that would constitute a conflict of interest under applicable federal, state, or local laws. Any potential conflict shall be disclosed to TIFA prior to consideration of this application. (12) Right to Verify Information I authorize the City of Reading and TIFA to verify any information contained in this application and to request additional documentation as necessary to determine eligibility or compliance.(13) Release of Information I acknowledge that this application and supporting materials may constitute public records subject to the Michigan Freedom of Information Act (FOIA), except for information specifically exempt from disclosure by law. (14) Entire Agreement I understand that any funding awarded shall be governed solely by the executed Grant or Loan Agreement approved by the TIFA Board. This application alone does not create any contractual obligation on the part of the City of Reading or the TIFA. Applicant Certification By signing below, I certify that I have read, understand, and agree to the statements contained in this Acknowledgement and Certification and that I am authorized to submit this application on behalf of the applicant.
  • Third Party Cost Estimate included*
  • Photos included*
  • Date
     - -
    2 digit month, 2 digit day, 4 digit year
  • Should be Empty: