Title
Consider approving Resolution No. 2019-28 approving Economic Development Incentives pursuant to the Commercial Facade Grant Program for 13500 Midway Rd.; and take appropriate action.
Body
BACKGROUND:
In 2012, a Commercial Facade Revitalization Program (Program) was developed and funded to encourage property owners to enhance the publicly viewed areas of their buildings. The Program is set up as a single payment reimbursement to property owners per building/business. Facade grants are available with a minimum project value of $2,000 and a maximum reimbursement of $50,000 per grant, unless otherwise approved by the City Council. Since the Program's inception, eleven grants have been approved: 12879 Josey Lane, 12895 Josey Lane, 3212 Beltline Road, and 2914-2920 Valley View Lane, 12895 Josey Lane (Suite 140), 13610 Midway Road, 13740 Midway Road/Suite 700, and 13720 Midway Road/Suite 100; 200, 4464 Sigma Road, 4885-4887 Alpha Road, and 4300 Alpha Road.
DISCUSSION:
Rubicon Representation has applied for the Commercial Fa?ade Revitalization Grant for the retail property located at 13500 Midway Rd. This building is located at the corner of Midway Rd and Alpha Rd and has high visibility on both corridors. The proposed work includes new exterior paint, new monument signage, updated awnings/canopies, new landscaping, asphalt repairs, and masonry repairs. The project is expected to cost approximately $508,826. They have requested the capped maximum of $50,000 for their renovations.
ATTACHMENTS:
1. 13500 Midway Rd Fa?ade Grant Application
2. PPT 13500 Midway Rd (pdf)
3. Resolution 2019-28
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2019-28.
2. I move to approve Resolution 2019-28, with modifications.
3. I move to table the issue for further study or take no action.
RECOMMENDATION:
City Administration recommends approving Resolution 2019-28 approving Economic Development Incentive for 13500 Midway Road pursuant to the Commercial Fa?ade Gra...
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