|
Back to Calendar
Return
|
| |
Budget/Finance 3.
|
| Community Redevelopment Agency |
|
|
|
|
| RECOMMENDATION: |
Recommendation Concerning Commercial Facade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements - Tonya Gant, Neighborhood & Human Services Department Director
That the Board take the following action concerning the Commercial Facade, Landscape, and Infrastructure Grant Program Funding and Lien Agreements:
A. Approve the following two Commercial Facade, Landscape, and Infrastructure Grant Funding and Lien Agreements:
1. The Agreements between Escambia County CRA and Al M. and Martha M. Ridlehoover, owners of commercial property located at 302 Sunset Avenue, Pensacola, Florida, in the Warrington Redevelopment District, each in the amount of $1,425 representing an in-kind match through the Warrington Tax Increment Financing (TIF), Fund 151, Cost Center 370114, Object Code 58301, for sanitary sewer connections;
2. The Agreements between Escambia County CRA and Coastline Commercial, LLC, owner of commercial property located at 3470 Barrancas Avenue, Pensacola, Florida, in the Barrancas Redevelopment District, each in the amount of $10,000 representing an in-kind match through the Barrancas Tax Increment Financing (TIF), Fund 151, Cost Center 370116, Object Code 58301, for Architectural Feature Restoration; 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 the matching Grant programs to be implemented within the County's redevelopment districts. The intent of the matching Grant programs is to incentize private investment to upgrade the appearance, property values, and economic activity on selected commercial corridors and/or residential properties. A rendering of the project is attached. |
| BUDGETARY IMPACT: |
Funding for the Grant will be provided as follows;
1. Al M. & Martha M. Ridlehoover, Warrington TIF, Cost Center 370114, in the amount of $1,425
2. Coastline Commercial, LLC, Barrancas TIF, Cost Center 370116, in the amount of $10,000
|
| 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 & 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, will handle all implementation tasks. |
|
|
|
|