Agenda

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Budget/Finance 2.

Community Redevelopment Agency

Meeting Date:	05/19/2016
Issue: Commerical Facade Grant Program Funding and Lien Agreements for 1673 North Pace Boulevard, Suites E-I
From:	Tonya Gant
Department:	Neighborhood & Human Svcs
CAO Approval:

RECOMMENDATION:

Recommendation Concerning a Commercial Façade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements for property located at 1673 North Pace Boulevard, Suites E-I - Tonya Gant, Neighborhood and Human Services Director

That the Board take the following action concerning the Commercial Façade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements for property located at 1673 North Pace Boulevard, Suites E-I:

A. Approve the Commercial Façade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements between Escambia County CRA and Linh Le, owner of commercial property located at 1673 North Pace Boulevard, Suites E-I, Pensacola, Florida, in the Brownsville Redevelopment District, in the amount of $10,000, representing an in-kind match through the Brownsville Tax Increment Financing (TIF), Fund 151, Cost Center 370113, Object Code 58301, for parking lot improvements; and

B. Authorize the Chairman to sign the Funding and Lien Agreements and any related documents necessary to implement this Grant award.

BACKGROUND:

On May 19, 2016, a CRA meeting was convened to consider approval of the aforementioned actions between the Escambia County CRA and Linh Le. A rendering of the project is attached.

BUDGETARY IMPACT:

Funding for the Grant will be provided through the Brownsville TIF, Fund 151, Cost Center 370113, and 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:

Neighborhood and Human Services Department/Community Redevelopment Agency (NHS/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:

NHS/CRA staff, in coordination with the property owner(s), 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.

Attachments
Agreements_Linh Le_May2016