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Budget/Finance 5.

Community Redevelopment Agency

Meeting Date:	08/18/2016
Issue: Commercial Sign Grant Program Funding Agreement for 314 South Navy Blvd
From:	Tonya Gant
Department:	Neighborhood & Human Svcs
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Commercial Sign Grant Program Funding Agreement for 314 South Navy Boulevard - Tonya Gant, Neighborhood and Human Services Department Director

That the Board take the following action concerning the Commercial Sign Grant Program Funding Agreement for the property located at 314 South Navy Boulevard:

A. Approve the Commercial Sign Grant Program Funding Agreement between Escambia County CRA and Carco Properties, Inc., owner of commercial property located at 314 South Navy Boulevard, Pensacola, Florida, in the Warrington Redevelopment District, in the amount of $1,548, representing an in-kind match through the Neighborhood Enterprise Division (NED) 2009 Community Development Block Grant (CDBG), Fund 129, Cost Center 370212, Object Code 58301, to install new signs; and

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

BACKGROUND:

On August 18, 2016 a CRA meeting was convened to consider approval of the aforementioned actions between the Escambia County CRA and Carco Properties, Inc. A rendering of the project is attached.

BUDGETARY IMPACT:

Funding for the Grant will be provided through the NED 2009 Community Development Block Grant (CDBG), Fund 129, Cost Center 370212, and Object Code 58301.

LEGAL CONSIDERATIONS/SIGN-OFF:

The Funding Agreement was 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(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-CarcoProperties-August2016