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Budget/Finance 4.
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| Community Redevelopment Agency |
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| RECOMMENDATION: |
Recommendation Concerning Commercial Facade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements - Keith Wilkins, Community & Environment Department Director
That the Board take the following action concerning the two Commercial Facade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements:
A. Approve the following two Commercial Façade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements:
1. The Agreements between Escambia County CRA and Rocky's Collision Center, Inc., the owner of commercial property located at 416 West Herman Street, Pensacola, Florida, in the Palafox Redevelopment District, each in the amount of $3,615 representing an in-kind match through the Palafox Tax Increment Financing (TIF), Fund 151, Cost Center 220517, Object Code 58301, and/or Neighborhood Enterprise Division (NED) 2009 Community Development Block Grant (CDBG), Fund 129, Cost Center 220410, Object Code 58301, parking improvements;
2. The Agreements between Escambia County CRA and Rocky's Collision Center, Inc., the owner of commercial property located at 450 West Herman Street, Pensacola, Florida, in the Palafox Redevelopment District, each in the amount of $5,130 representing an in-kind match through the Palafox Tax Increment Financing (TIF), Fund 151, Cost Center 220517, Object Code 58301, and/or Neighborhood Enterprise Division (NED) 2009 Community Development Block Grant (CDBG), Fund 129, Cost Center 220410, Object Code 58301, parking improvements; and
B. Authorize the Chairman to sign the Funding and Lien Agreements and any related documents necessary to implement this Grant award.
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| BACKGROUND: |
| The CRA created the matching Grant programs to be implemented within the County's redevelopment districts. 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. A rendering of each project is attached. |
| BUDGETARY IMPACT: |
Funding for the Grant will be provided as follow:
1. Rocky's Collision Center, Inc., Palafox TIF, Cost Center 220517, Object Code 58301, and/or NED 2009 CDBG, Fund 129, Cost Center 220410, Object Code 58301 in the amount of $3,615.
2. Rocky's Collision Center, Inc., Palafox TIF, Cost Center 220517, Object Code 58301, and/or NED 2009 CDBG, Fund 129, Cost Center 220410, Object Code 58301 in the amount of $5,130.
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| 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.
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| PERSONNEL: |
Community & Environment Department/Community Redevelopment Agency (CED/CRA) staff will handle this Grant award.
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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: |
| CED/CRA staff, in coordination with the property owner, will handle all implementation tasks. |
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