Community Capital Project Grant Policy put in place for funding requests

NEWS RELEASE
November 30, 2016
For immediate release
 

Community Capital Project Grant Policy put in place for funding requests

Cold Lake, AB – Community members, groups, and organizations looking for project funding from City Council will now have a standardized application process to help them.

The Community Capital Project Grant Policy outlines a new process to administer grant funding to individuals or groups who request it.

It starts with a single annual deadline for applications. Any community organization seeking grant funding from council may not be considered that year, if they do not apply by the deadline.

From here, there are several criteria that need to be met. In order to be eligible to apply for the grant, an organization must be based in the City of Cold Lake, and registered as not-for-profit, or as a charitable organization. As well, the organization must demonstrate sustainability, and their primary mandate must be to provide sports, recreation, arts, culture, social services, or community wellness within Cold Lake.

An organization will only be allowed to receive one Community Capital Project Grant every two years. The grant will cover up to one-third of the project costs, up to a maximum of $50,000.

After the application has been completed, and matching funding from the applicant organization has been confirmed, letters of support need to be gathered from the community, and proof that the space or land the project will take place on fits within the grant’s guidelines needs to be provided.

Applications need to be received by March 1, and a selection committee will provide their recommendations to City Council by March 30. Council will then select recipients by April 30.

A full list of criteria, forms, and the application process will be found on www.coldlake.com, and an announcement will be made once it becomes available.

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Wednesday, November 30, 2016