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Kane County Office of Community Reinvestment
Riverboat Grant Meetings and Minutes​

 

Grand Victoria Riverboat Fund Program


​General Program Description

The Grand Victoria Riverboat Fund was established by the Kane County Board in 1997 under an agreement with the Elgin Riverboat Resort (Grand Victoria Riverboat). The agreement provides for an annual contribution to the county equal to 7.5% of the riverboat’s annual net operating income. The Kane County Board utilizes Grand Victoria Riverboat funds to support a variety of projects and programs aimed at strengthening Kane County communities, promoting collaboration among area organizations, and providing long-term solutions to current problems facing Kane County residents.

Eligibility Criteria 
ELIGIBLE APPLICANTS 
Kane County provides Grand Victoria Riverboat funds to non-profit organizations and units of local government for eligible projects that benefit Kane County residents. The county will not consider requests from the following types of entities: Organizations that discriminate on the basis of race, religion, color, sex, age, handicap or national origin; political organizations, candidates for public office, or organizations whose primary purpose is to influence legislation; religious organizations that submit projects with a denominational or sectarian purpose; organizations benefiting only a few people; individuals; and units of government that submit applications involving projects or services that would typically be funded from the taxing authority of the given entity. 

 
ELIGIBLE PROJECTS 
Capital projects are eligible for the Grand Victoria Riverboat Fund. Examples of capital projects are those that involve the purchase or development of facilities or infrastructure, or other fixed assets such as equipment, vehicles, or computer software. They do not include recurring, day-to-day expenses which are considered operating expenses. Applicants are discouraged from seeking funding from the county for operating expenses. All projects should address at least one of the following priorities: 

 
• Education: Kane County seeks to promote or enhance educational and training programs and initiatives that address community and government improvement issues. 
• Environment: Kane County encourages programs and projects that address a broad spectrum of environmental issues. 
• Economic Development: Kane County supports initiatives that promote economic and community development. 

 
Projects that meet the broad eligibility criteria listed above should also address one or more of the following goals/strategies: 
• Promote cooperation among organizations without duplicating services. 
• Demonstrate practical approaches to current issues facing area residents. 
• Enhance or improve the self-sufficiency and effectiveness of area organizations. 
• Emphasize prevention. 

 
Additionally, favorable consideration will be given to projects that: 
• Affect a broad segment of the county’s population. 
• Are relevant to overall county needs and available resources. 
• Are pilot programs that are clearly replicable in their design. 
• Have reasonable prospects for future support. 
• Have brought together a wide variety of funding partners. 

 
Applicants may not receive more than $100,000 in Grand Victoria Riverboat funds per project.  

INELIGIBLE PROJECTS
 
Note that Grand Victoria Riverboat funds may not be used to fund the following types of activities: Research; special occasions, goodwill, program advertising, and/or special interest magazines; travel, tours, expeditions, or trips by individuals or groups; deficit spending or the payment of interest or taxes; annual fund campaigns; underwriting for fundraising events or performances; loans; and projects outside Kane County. 

 
Submission/Award 
Process Applications that meet the eligibility requirements of the Grand Victoria Riverboat Fund Program will be evaluated by the County Board’s Riverboat Committee on a competitive basis. Projects recommended for funding by the committee will be considered by the full County Board. Applicants selected for funding under the Grand Victoria Riverboat Fund Program will be afforded a reasonable amount of time to obtain and submit documentation that funding commitments from other sources are committed to their projects. Capital projects may not begin until the county has verified that all project funding is in place and the project is ready to proceed. Grant recipients must sign a Funding Agreement which outlines various reporting and recordkeeping requirements. Periodic progress reports must be submitted during the course of the project. 

 
Grand Victoria Riverboat funds may be requested while the project is underway to cover eligible project expenses. The Grand Victoria Riverboat Fund Program operates on a reimbursement basis, and all expenses must be properly documented with itemized receipts or vendor invoices, and accompanied by proof of payment. Finally, Grand Victoria Riverboat Fund projects are expected to be completed in a timely manner. Generally, non-construction projects must be completed within one year, and construction projects must be completed within two years.