The Selma Uptown Revitalization Fund (S.U.R.F)
The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:
- Grant means a sum of money, not to exceed five hundred dollars ($500.00), established by the town council each quarter that is available for outside improvements in the S.U.R.F. district and which does not have to be repaid to the program. Moneys for grants are derived from non committed funds as described in section 10-52.
The town, as authorized under G.S. Section 160A-456, did establish by resolution November 11, 1980, the S.U.R.F. Advisory Committee.
The objectives of S.U.R.F. are to provide as incentive to businesses, tenants, property owners and individuals for the purpose of improving the appearance and viability of the downtown area and to stimulate long-term reinvestment in downtown. The incentive will be in the form of grants. Rehabilitation goals are as follows:
- Improve the downtown area;
- Attract new investors (businesses);
- Reinforce existing investors (businesses);
- Improve the visual appearance of the downtown area;
- Utilize existing structures one hundred (100) percent;
- Improve and maintain historical structures; and
- Broaden the tax base.
Rehabilitation Grant Requirements
The following requirements apply to rehabilitation grants and are available under the Selma Uptown Revitalization Fund.
- The project area shall be designated as the Central Business (CB) Zoning District.
- Any business, property owner, or tenant presently within the project area is eligible to apply. Also, any other individual or company wishing to do business within the designated project area is eligible for application.
- Each person or corporation engaged in multiple projects may receive only one (1) grant per building over any two-year period.