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Budget/Finance 1.
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| Community Redevelopment Agency |
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| RECOMMENDATION: |
Recommendation Concerning Residential Rehab Grant Program Funding and Lien Agreements – Clara Long, Interim Neighborhood & Human Services Department Director
That the Board take the following action concerning the Residential Rehab Grant Program Funding and Lien Agreements:
A. Approve the following three Residential Rehab Grant Program Funding and Lien Agreements:
1. The Agreements between Escambia County CRA and James Jr. and Lillie D. Jernigan, owners of residential property located at 710 Vendee Lane, Palafox Redevelopment District, each in the amount of $3,772 representing an in-kind match through the Palafox Tax Increment Financing (TIF), Fund 151, Cost Center 370115, total electrical rewiring upgrade;
2. The Agreements between Escambia County CRA and Stephen Young and Marjory Tandy, owners of residential property located at 701 Lakewood Road, Barrancas Redevelopment District, each in the amount of $3,550 representing an in-kind match through the Barrancas Tax Increment Financing (TIF), Fund 151, Cost Center 370116, replacement roof;
3. The Agreements between Escambia County CRA and Stephen M. Young, owner of residential property located at 201 Hermey Avenue, Barrancas Redevelopment District, each in the amount of $2,350 representing an in-kind match through the Barrancas Tax Increment Financing (TIF), Fund 151, Cost Center 370116, replacement roof; and
B. Authorize the Chairman to sign the Funding and Lien Agreements and any related documents necessary to implement the Grant awards.
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| BACKGROUND: |
The intent of the matching Grant program is to promote private investment which will upgrade the appearance, property values, and economic activity for residential properties within the designated CRA areas. A rendering of each project is attached.
On May 7, 2020 at 5:30 p.m., a CRA meeting was convened to consider approval of the various agenda items. |
| BUDGETARY IMPACT: |
Funding for the Grants will be provided as follows:
- James Jr. and Lillie D. Jernigan, Palafox TIF, Cost Center 370115, in the amount of $3,772
- Stephen Young and Marjory Tandy, Barrancas TIF, Cost Center 370116, in the amount of $3,550
- Stephen M. Young, Barrancas TIF, Cost Center 370116, in the amount of $2,350
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| LEGAL CONSIDERATIONS/SIGN-OFF: |
The Funding and Lien Agreements were reviewed and approved as to form and legal sufficiency by the County Attorney's Office.
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| PERSONNEL: |
Neighborhood & Human Services/Community Redevelopment Agency (NHS/CRA) staff will handle these Grant awards.
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| POLICY/REQUIREMENT FOR BOARD ACTION: |
| Board approval is required for disbursement of funds to all private individuals or outside agencies. |
| IMPLEMENTATION/COORDINATION: |
| NHS/CRA staff, in coordination with the property owner, handles all implementation tasks. NHS/CRA staff will monitor the work in progress and will be responsible for compiling the necessary documentation prior to the Grant award. |
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