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Budget/Finance 8.
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| Community Redevelopment Agency |
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| RECOMMENDATION: |
Recommendation Concerning Commercial Sign Grant Program Funding Agreement for 1611 North Pace Boulevard - Keith Wilkins, Community & Environment Department Director
That the Board take the following action concerning the Commercial Sign Grant Program Funding Agreement for the property located at 1611 North Pace Boulevard:
A. Approve the Commercial Sign Grant Program Funding Agreement between Escambia County CRA and L & L Fresh Seafood, Inc., the owner of commercial property located at 1611 North Pace Boulevard, Pensacola, Florida, in the Brownsville Redevelopment Area, each in the amount of $2,000 representing an in-kind match through the Brownsville Tax Increment Financing (TIF), Fund 151, Cost Center 220515, Object Code 58301, and/or Neighborhood Enterprise Foundation, Inc. (NEFI) 2010 Community Development Block Grant (CDBG), Fund 129, Cost Center 220435, Object Code 58301, for replacing an existing commercial sign; and
B. Authorize the Chairman to sign the Funding Agreement and any related documents necessary to implement this Grant award. |
| 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 incentivize private investment to upgrade the appearance, property values, and economic activity on selected commercial corridors and/or residential properties. |
| BUDGETARY IMPACT: |
| Funding for the Grant will be provided through the Brownsville TIF, Fund 151, Cost Center 220515, Object Code 58301, and/or Neighborhood Enterprise Foundation, Inc. (NEFI) 2010 Community Development Block Grant (CDBG), Fund 129, Cost Center 220435, Object Code 58301. |
| 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. |
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