Residential Rehab Grant Program Funding and Lien Agreements
From:
CLARA LONG, Acting Director
Organization:
Neighborhood & Human Svcs
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Residential Rehab Grant Program Funding and Lien Agreements – Clara Long, 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 Agreements between Escambia County CRA and Travelstar Properties, LLC, owner of residential property located at 1220 Wilson Avenue, Barrancas Redevelopment District, each in the amount of $3,750, 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.
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 June 4, 2020 at 9:00 a.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:
1. Travelstar Properties, LLC, Barrancas TIF, Cost Center 370116, in the amount of $3,750
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.
PERSONNEL:
Neighborhood & Human Services/Community Redevelopment Agency (NHS/CRA) staff will handle these Grant awards.
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.