Title
A Resolution Of The Hollywood, Florida, Community Redevelopment Agency ("CRA"), Approving And Authorizing The Consolidation And Expansion Of Existing Property Improvement Programs Into A Unified Citywide Property Improvement Program ("Program"); Establishing Updated Participation Tiers; Implementing Program Modifications To Streamline Administration; And Authorizing The CRA Executive Director Or Designee To Execute All Agreements Within Applicable Spending Authority To Implement The Program.
Strategic Plan Focus
Economic Vitality
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
The City's Office of Communications, Marketing and Economic Development (CMED) is seeking to consolidate and expand the City's existing property improvement programs into a single, unified Citywide Property Improvement Program (CPIP). This effort consolidates the Community Redevelopment Agency's (CRA) Property Improvement Program (PIP), Hotel Improvement Program (HIP), Mural Only Program (MOP), Paint Only (POP), and related initiatives, along with the City's Commercial Property Improvement Program, into one streamlined and accessible program.
The purpose of this consolidation is to improve efficiency, increase participation, and streamline the application and approval process. Reimbursement grants for exterior improvements will still be awarded, however, current CRA programs will be consolidated into participation levels based on location and scope of work.
Within the Beach and Downtown Districts, participation levels include:
* Comprehensive Improvements (up to $75,000 or $125,000)
* Paint Only (up to $15,000)
* Hotel Improvements (up to $250,000)
* Mural Only (up to $10,000 or $15,000), per property, per fiscal year
Outside of the Beach and Downtown Districts, participation levels include:
* Comprehensive Improvements (up to $25,000)
* Paint and Landscape (up to $12,500)
* Paint or Landscape (up to $5,000)
* Mural Only (up to $5,000), per prope...
Click here for full text