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 2028 Harrison Property, LLC For On-Site Improvements To The Property Located At 2028 Harrison Street 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. Ionathan Brief, as a duly authorized representative of 2028 Harrison Property, LLC (“2028 HP”) has submitted an application in accordance with the PIP requirements.
(“2028 HP”) intends to improve the appearance of the commercial building located at 2028 Harrison Street, within the Downtown District of the CRA. The scope of work is as follows: new exterior painting and stucco, new impact windows and doors, and new awnings will be incorporated into the property improvement as depicted in the renderings in the backup package; the property owner is also anticipating enhancing the signage throughout the property and will coordinate signage details with the individual tenants.
CRA staff has reviewed the applications in accordance with the PIP guidelines and has determined that the applications submitted by the (“2028 HP”) meets the eligibility criteria for grants under the PIP Program.
The total project cost for the 2028 Harrison Street building is estimated at $160,326.36 the grant amount for this project will not exceed $75,000.00, making the CRA’s contribution approximately 47% of the total cost.
(“2028 HP”) will expend these monies on the project, and the grants will be distributed upon completion of improvements.
Fiscal Impact:
Funding for this PIP agreement has 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