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 Waterways Condominium Association, Inc. For On-Site Improvements To The Property Located At 1908 North Ocean Drive In A Total Grant Amount Up To $52,410.00.
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.
Samuel Montalvo Jr, as a duly authorized representative of Waterways Condominium Associations, Inc. ("Waterways") submitted an application in accordance with the PIP requirements.
Waterways intends to improve the appearance of the commercial building located at 1908 North Ocean Drive, which is within the Beach District of the CRA. The scope of work is as follows: 12 new impact windows and 8 new impact doors, new awnings on the units adjacent to A1A, new handrails, planting of 2 large Bougainvillea, 2 new balconies, converting 2 windows to impact doors.
CRA staff has reviewed the applications in accordance with the PIP guidelines and has determined that the applications submitted by Waterways meet the eligibility criteria for grants under the PIP Program.
The total project cost for the 1908 N. Ocean Drive building is estimated at $104,820.00, and the grant amount for this project will not exceed $52,410.00, making the CRA's contribution approximately 50% of the total cost.
Waterways will expend these monies on the project, and the grant funds w...
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