Categorized | Local News

Economic Development Committee to Move Quickly On Incentive Requests

Posted on 02 April 2013 by KWBG

BOONE, Iowa—The Boone City Council will be moving ahead quickly with requests that have been received from downtown property owners interested in taking part in the City Council’s Downtown Incentive Program.  Those expressing interest increased to five this week, with Holly and Terry Larson, of Holly’s in downtown Boone showing an interest in work on their store.  Others previously were Nate and Donna Cottington, 814 Story Street, Dan Niday with the Boone Hardware Store at 1018 8th Street, Mike Pritchard, the owner of property at 1027 Story Street and Robert Burch with property at 823 Arden Street.

Part of the procedure set up by the Economic Development Committee is a visit to each of the properties to visit with the owners.  Committee members plan to do that Friday.  After that, applications will be received and part of the process includes Committee approval prior to the project beginning to qualify for assistance.  That assistance is 40% of the project cost and no more than $30,000.

Boone City Administrator Luke Nelson talked about the program last week and said the focus is on the facade of properties but may also include some additional work.  The Council initially set aside $100,000 from the pending bond sale to fund the program, with the dollars available in about a month.  It may be possible to redirect additional money to the program is the interest continues.  Boone Mayor John Slight said Tuesday that the Council wants to make sure downtown property owners are not forgotten with expansion on the south side of the city.

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