Agenda

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Budget/Finance 2.

Community Redevelopment Agency

Meeting Date:	09/16/2013
Issue: Residential Rehab Grant Program Funding and Lien Agreements for 3306 West La Rua Street
From:	Keith Wilkins
Department:	Community & Environment
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Residential Rehab Grant Program Funding and Lien Agreements for 3306 West La Rua Street - Keith Wilkins, Community & Environment Department Director

That the Board take the following action concerning the Residential Rehab Grant Program Funding and Lien Agreements for the property located at 3306 West La Rua Street:

A. Approve the Residential Rehab Grant Program Funding and Lien Agreements between Escambia County CRA and Kent D. Lowman, the owner of residential property located at 3306 West La Rua Street, Pensacola, Florida, in the Brownsville Redevelopment Area, each in the amount of $2,245 representing an in-kind match through the Brownsville Tax Increment Financing (TIF), Fund 151, Cost Center 220515, Object Code 58301, to replace the roof; and

B. Authorize the Chairman to sign the Funding and Lien Agreements 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 incentivise 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.

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
Res Rehab 3306 West La Rua