ACTION REQUESTED:
Title
Communication from the City Manager and the Community Development Director with a Request to Approve a FA?ADE IMPROVEMENT PROGRAM Grant for 826 SW ADAMS STREET, in the Amount Not to Exceed $5,000.00. (District 1)
Body
BACKGROUND: As a part of the revitalization of the Warehouse District, Council approved a Fa?ade Improvement program which provides a grant of no more than $5,000 per property for improvements to properties within that area. 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.
To receive this grant, applicants must meet all City requirements including approval from City Council, make the improvements, and submit receipts for reimbursement of 50% of eligible expenditures in an amount not to exceed $5,000.
The owner has requested a fa?ade improvement grant for the property at 826 SW Adams St to install a wrought iron decorative fence. The property owner attended One Stop Shop to ensure compliance with City regulations. All work and wages must comply with the Illinois Prevailing Wage Act.
FINANCIAL IMPACT: If approved, the City will reimburse the property owner for 50% of the project, not to exceed $5,000, from funding available in the Warehouse District Fa?ade Improvement CIP project T14004 and the property at 826 SW Adams will receive improvements as previously outlined.
NEIGHBORHOOD CONCERNS: No neighborhoods have been contacted regarding this request.
IMPACT IF APPROVED: The owner will have the funding needed to proceed and all of the above improvements will be made. This will assist with revitalization efforts in the Warehouse District.
IMPACT IF DENIED: If this request is denied, the owner would not receive the funding for the project and may not be able to complete the scope outlined above.
ALTERNA...
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