Title
A Resolution Of The Hollywood, Florida Community Redevelopment Agency (“CRA”), Approving And Authorizing The Appropriate CRA Officials To Execute A Property Improvement Program Grant Agreement With Design2form Holdings, LLC For On-Site Improvements To The Property Located At 126 N. Dixie Highway In A Total Grant Amount Up To $75,000.00.
Strategic Plan Focus
Economic Vitality
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
On February 2, 2011, the CRA Board passed and adopted Resolution No. R-CRA-2011-08, which amended and consolidated the Property Improvement Program for the Beach and Downtown Districts into one comprehensive program. The CRA adopted the PIP to facilitate the upgrading of structures and/or eliminate slum and blighting influences within both districts of the CRA.
The PIP is a comprehensive program with eligibility guidelines and specific criteria. Zamarr T Brown, as a duly authorized representative of Design2Form Holdings, LLC has submitted an application in accordance with the PIP requirements.
Design2Form Holdings, LLC intends to improve the appearance of the commercial building located at 126 N Dixie Highway, within the Downtown District of the CRA. The scope of work is as follows: New Impact Windows and Doors, Paint and Stucco, and removing window Air Conditioning units and converting to a central Air Conditioning system.
CRA staff has reviewed the applications in accordance with the PIP guidelines and has determined that the applications submitted by the Design2Form Holdings, LLC meets the eligibility criteria for grants under the PIP Program.
The total project cost for the 126 N Dixie Highway building is estimated at $214,175.08 the grant amount for this project will not exceed $75,000.00, making the CRA’s contribution approximately 35% of the total cost.
Design2Form Holdings, LLC will expend these monies on the project, and the grants will be distributed upon completion of improvements.
Fiscal Impact:
Funding for this PIP agreement have been appropriated and exists in the Downtown CRA operating budget, account number 166.668602.55200.548640.000000.000.000 (Property Improvement Program).
Recommended for inclusion on the agenda by:
Jorge Camejo, CRA Executive Director