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Creative Financing Ideas for Michigan Township Officials

Creative financing for michigan township officials

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Information for township officials on getting grants, successes, improving your chances of winning grants, and selling your proposal.

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Page 1: Creative financing for michigan township officials

Creative Financing Ideas

for Michigan Township Officials

Page 2: Creative financing for michigan township officials

Creative Financing

Right-Brain Left-Brain

Introduction

Page 3: Creative financing for michigan township officials

Today’s Presentation

Getting Grants Grant Success Stories Improving Your Chances Selling Your Proposal

Page 4: Creative financing for michigan township officials

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

Page 5: Creative financing for michigan township officials

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 ???

Page 6: Creative financing for michigan township officials

MEDC Low- to Moderate-Income CommunitiesApplications due February 22

Grant Success Stories

Page 7: Creative financing for michigan township officials

EDA Money for HEDCOR Jobs Related EDA Grants

Create business opportunities. Create long-term jobs. Targets low-income or

un/underemployed workers.

Grant Success Stories

Page 8: Creative financing for michigan township officials

Grant Success Stories

EDA Money for Allegan

Allegan wins $4.2M federal grant for water plantKalamazoo 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.

Page 9: Creative financing for michigan township officials

Grant Success Stories

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

Page 10: Creative financing for michigan township officials

Grant Success Stories

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

Page 11: Creative financing for michigan township officials

Grant Success Stories

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

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Grant Success Stories

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

Page 13: Creative financing for michigan township officials

Grant Success Stories

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

Page 14: Creative financing for michigan township officials

Grant Success Stories

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

Page 15: Creative financing for michigan township officials

Grant Success Stories

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

Page 16: Creative financing for michigan township officials

Grant Success Stories

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

Page 17: Creative financing for michigan township officials

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

Page 18: Creative financing for michigan township officials

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.

Grant Success Stories

Spring Lake Township Bike Path

Page 19: Creative financing for michigan township officials

Grant Success Stories

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

Page 20: Creative financing for michigan township officials

Grant Success Stories

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!

Page 21: Creative financing for michigan township officials

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

Page 22: Creative financing for michigan township officials

Creative Funding Searches

Grant newsletters or websites www.grant-rating.com/ www.proposalwriter.com/grants.html http://grantstation.com www.quinlan.com

Page 23: Creative financing for michigan township officials

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.

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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!!!

Selling Your Proposal

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Selling Your 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”

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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.”

Page 27: Creative financing for michigan township officials

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.

Page 28: Creative financing for michigan township officials

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.

Page 29: Creative financing for michigan township officials

Closing Thoughts

P&N Grant AdvisoryAn email newsletter with the latest on current grants and upcoming deadlines.

Email [email protected] to subscribe.

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Page 30: Creative financing for michigan township officials

James R. Hegarty, P.E.

(616) 364-8491 [email protected]