ACTION REQUESTED:
Title
Communication from the City Manager with a Request to APPROVE a FA?ADE IMPROVEMENT PROGRAM Grant for UNION DEPOT, LLC at 805 SW ADAMS ST, in an Amount Not to Exceed $5,000.00. (Council District 1)
Body
BACKGROUND: Union Depot LLC has requested a fa?ade improvement grant of $5,000 for the property at 805 SW Adams. The overall fa?ade improvement is estimated at $11,523 and will include new windows, doors, and fascia improvements (see proposed rendering). The fa?ade improvements will be conducted in concert with interior improvements for a new retailer leasing the 1,400 sf unit.
Mr. Jon Walker, owner of Union Depot LLC, purchased the 801 and 805 SW Adams in December 2015 with the intention of leasing the 805 SW Adams for commercial use. Mr. Walker is in the process of redeveloping the adjacent building at 801 SW Adams Street, for which he previously was awarded a fa?ade improvement grant. The first floor tenant of that building, Zion Coffee, opened in February 2017. Work continues on the residential unit in that building.
Fa?ade grants are provided on the condition that: a) funds are available, b) proposed improvements are eligible, c) the project is approved by City Council, d) improvements are completed according to an agreement, and e) receipts are verified for reimbursement.
Council has approved a Fa?ade Improvement Program to assist with the revitalization of commercial buildings and neighborhoods. Grants reimbursements for 50% of eligible project cost up to $5,000 per property are made available for fa?ade improvements. The Program is intended to encourage owners and business tenants of existing properties to restore or renovate their buildings, in order to improve the area's physical character and enhance the aesthetics of the commercial environment.
FINANCIAL IMPACT: If approved, the City will reimburse 50% of eligible project cost up to $5,000 and will utilize funds from the Warehouse District Fa?ade Improvemen...
Click here for full text