Creative financing for michigan township officials

Creative
Financing Ideas
for Michigan Township Officials

Introduction

Creative Financing

Right-Brain Left-Brain

Today’s Presentation
 Getting Grants
 Grant Success Stories
 Improving Your Chances
 Selling Your Proposal

Getting Grants
 Where should you look?
 (Mich.) Directory of State Administered Grants
 MDNR Grant & Loan Program Catalog
 Catalog of Federal Domestic Assistance
 EPA Grants
 EPA Guidebook of Financial Tools
 Grants.gov
 Council of Michigan Foundations
 The Foundation Center

Grant Success Stories
 Grand Slam for Muir?
 Low to moderate income
 MEDC/CDBG Grant
 Sludge removal from WW
lagoon; street & water
improvements
 Three grants so far:
 2004 – $280,000
 2005 – $440,000
 2009 – $220,000
 R.U.S. $1,000,000 ???

 MEDC Low- to Moderate-Income Communities
Applications due February 22

 EDA Money for HEDCOR
 Jobs Related
 EDA Grants
 Create business opportunities.
 Create long-term jobs.
 Targets low-income or
un/underemployed workers.

 EDA Money for Allegan
Allegan wins $4.2M federal grant for water plant
Kalamazoo Gazette, September 26, 2009

ALLEGAN — The city of Allegan has won a $4.2 million federal grant
toward the $9.4 million cost of improvements to its water-treatment plant.
The money comes from the U.S. Economic Development Administration.
The plant provides drinking water for Allegan and parts of neighboring
Allegan Township.

 Scottville Sewers
 $9,600,000 project
 RUS Grant: $4.75
million
 RUS Loan: $4.0
million
 DDA &Amber
Township: $850,000
 $50/REU/mo/40 yrs

 Hart WWTP
 Created Agricultural Renaissance Zone
 Tax savings used to bond $5,000,000 project
 One company doubled production; another relocated
HQ from WA to Hart

 Cannon Township Trail
 Project: $1,300,000
 MNRTF Grant: $500,000
 Recreation Millage: $167,000/year for 3 years
 General Fund: $299,000

 Whitehall-Montague Trail
Fishing Bridge
 Project: $131,000
 Great Lakes Fishery Trust
Grant: $100,000 for fishing
access to White River
 244-ft-long bridge and
fishing platform

 Greenville Streetscape
 MDOT TEA 21: $973,000
 MDOT Small Urban: $240,000
 DDA revenue bond: $4,750,000

 Kent City Culvert
 FEMA Loan: $217,500
 CDBG Grant: $67,000

 Montague Downtown
Parking
 CZMA Grant: $40,000
 Private Funds: $42,000

 Plainfield Township Land Acquisition
 $520,000 for Grand Island Park

Big Rapids
 Big Rapids Riverwalk
 Project: $1,000,000+
 Local Fund Raising: $250,000
 Great Lakes Fishery Trust:
$200,000 for river access
 MNRTF: $493,300
 City Funds: $56,700

 Spring Lake Township Bike Path
Board OKs bond issue for bike paths
Muskegon Chronicle, October 12, 2004

Spring Lake Township Monday got the wheels turning toward
construction of new bicycle paths, following voters' August approval of
the millage to fund major expansion of the existing network.

The township board unanimously passed its intent to issue up to $3
million in bonds to finance the expansion, with the debt to be repaid in 11
years by the 10-yer, 0.5-mill property tax voters approved in August.

 Spring Lake Township Bike Path
 Recreation Millage: $1,030,000

 Fargo WW Improvements
 1% Sales Tax
 $240 M need next 25 years
 Manageable rate increases
 Projected needs met
 Fargo is more than a movie, it’s a regional economic
center
 Yes, they really talk that way!

Improving Your Chances
 Regardless of Grant Source:
 Completed plans are nice
 At least a good study and cost estimate
 Permits in hand
 High match %
 Multi-jurisdictional cooperation
 Political connections

Creative Funding Searches
 Grant newsletters or websites
 www.grant-rating.com/
 www.proposalwriter.com/grants.html
 http://grantstation.com
 www.quinlan.com

Selling Your Proposal
You must be prepared to:
1. Succinctly summarize your proposal in one paragraph
or less…it’s your headline!
2. Provide a little information on your organization and
how it will manage the grant.
3. Describe your need/problem/activity in a way that is
tailored to grant scoring criteria.
4. Outline your work plan and its cost.
5. Describe the outcome or impact of your request
should it be honored with a grant.

You must be prepared to:
6. Identify your source(s) of ―matching‖ money. ―Skin
helps.‖
7. Explain future needs for money, and/or how you will
move forward after this money is gone.
―Maintenance‖
8. Provide a detailed cost breakdown for the entire
project.
9. Get your grant before you write the proposal!!!

 A Sampling of Web Resources
 EPA:http://www.epa.gov/ogd/recipient/tips.htm
 Lone Eagles: http://lone-eagles.com/granthelp.htm
 GrantProposal.com
 Google: ―grant proposal writing tips‖

Closing Thoughts
 Golden Fleece Award
 Wisconsin Senator William
Proxmire issued a Golden Fleece
Award every month
March 1975 – December 1988.
 In his own words, the award
singled out a ―wasteful,
ridiculous or ironic uses of the
taxpayers’ money.‖

Closing Thoughts
 Golden Fleece Winners
 A $27,000 study to determine why inmates want to
escape from prison.
 A $20,000 grant to construct an 800-foot limestone
replica of the Great Wall of China in Bedford, Ind.
 An $84,000 study to determine why people fall in love
 The infamous $400 hammers and $1200 toilet seats
 Proxmire’s favorite: A study to find out whether
sunfish that drink tequila are more aggressive than
sunfish who drink gin.

Closing Thoughts
 Good luck!
 If the US can find $6,000 for Worcestershire
sauce, imagine what kind of help you can get for
your projects:
 Infrastructure
 Fire Stations, trucks
 Training
 Environmental initiatives
 Watershed protection
 Boat launch, etc.

Closing Thoughts
P&N Grant Advisory
An email newsletter with the latest on
current grants and upcoming deadlines.
Email info@preinnewhof.com to subscribe.

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James R. Hegarty, P.E.
(616) 364-8491
jhegarty@preinnewhof.com

Creative financing for michigan township officials

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