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Approval will not be given for any projects already started or completed. You must wait to begin until final approval has been given by the City Council.
The approval process can be rather lengthy. Here is the process:
Depending on the date the application is submitted to the DOI offices, it can take up to 8 weeks. If there are any concerns from any of the aforementioned groups, the process will take longer.
Yes, all of them.
Once you have submitted all invoices and proof of payment to the Downtown Odessa, Inc. (DOI) offices, the information is compiled and sent to the City’s Legal Department. The Legal Department reviews the information, compares it to the contract executed with the applicant, and upon completion of the review sends it to the City Auditor. The Auditor ensures that all necessary permits were applied for and executed, a final inspection was conducted, verifies the final work represents the proposed work, verifies the grant amount requested versus the amount actually spent, then submits the request back to the Odessa Development Committee (ODC) Compliance Committee to sign off on the request. The ODC Compliance Committee gives the authorization to the City’s Finance Department, who will then issue the reimbursement check. This process may take up to 4 weeks.
Infrastructure Grants are reimbursed on a 50/50 basis meaning the grant can be reimbursed at 50% with the applicant investing 50% of their own funds in the project. The amount of the grant is dependent on the tiered system, but in no event will be more than $200,000.
Façade Grants are reimbursed on an 80/20 basis meaning the grant can be reimbursed at 80% with the applicant investing 20% of their own funds in the project. The amount of the grant is dependent on the tiered system, but in no event will be more than $25,000.
Yes. The project must be completed within one year of the approval date.