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Budget/Finance 1.

Community Redevelopment Agency

Meeting Date:	06/26/2014
Issue: Residential Rehab Grant Program Funding and Lien Agreements
From:	Keith Wilkins
Department:	Community & Environment
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Residential Rehab Grant Program Funding and Lien Agreements for 2616 North "L" Street – Keith Wilkins, Community & Environment Department Director

That the Board take the following action concerning the Residential Rehab Grant Program Funding and Lien Agreements:

A. Approve the Residential Rehab Grant Program Funding and Lien Agreements between Escambia County CRA and Council Donald, Jr., the owner of residential property located at 2616 North "L" Street, Pensacola, Florida, in the Englewood Redevelopment District, each in the amount of $1,375, representing an in-kind match through the Englewood Tax Increment Financing (TIF), Fund 151, Cost Center 220520, Object Code 58301, for sanitary sewer connection; and

B. Authorize the Chairman to sign the Funding and Lien Agreements and any related documents necessary to implement the Grant awards.

BACKGROUND:

The CRA created matching Grant programs to be implemented within the County's redevelopment areas. The intent of the matching Grant programs is to promote private investment which will upgrade the appearance, increase property values, and stimulate economic activity on selected commercial corridors and residential properties. A rendering of the project is attached.

BUDGETARY IMPACT:

Funding for the Grants will be provided as follows:

Council Donald, Jr. 2616 North "L" Street, Englewood TIF, Cost Center 220520, $1,375

LEGAL CONSIDERATIONS/SIGN-OFF:

The Funding and Lien Agreements were reviewed and approved as to form and legal sufficiency by Kristin Hual, Assistant County Attorney.

PERSONNEL:

Community & Environment Department/Community Redevelopment Agency (CED/CRA) staff will handle this Grant award.

POLICY/REQUIREMENT FOR BOARD ACTION:

Board approval is required for disbursement of funds to all private individuals or outside agencies.

IMPLEMENTATION/COORDINATION:

CED/CRA staff, in coordination with the property owner, handles all implementation tasks. CED/CRA staff will monitor the work in progress and will be responsible for compiling the necessary documentation prior to the Grant award.

Attachments
Council Donald Jr_Res Rehab