HomeMy WebLinkAbout[05b] BFA Grant Application: Kays KitchenDATE: April 21, 22010
MEMO TO: Economicc Developmennt Authority
FROM: CynthiaSSmith-Strack MMunicipal Devvelopment Grroup
RE: BFA GranntApplication: Kay’s Kitcheen
Backgroundd:
Tanya Finken, Owner of Kay’s Kitcheen has submitted an application to the Business Faaçade
Architectural Grant Progrram. A copy of the appliccation is attaached for youur informationn and
review.
The applicattion is for ooutdoor landsscaping improovements to the existingg structure aat the
intersection oof CSAH 75//2. The EDA reviewed a ccopy of the landscape plaan at the preevious
meeting. Thee estimated coost of landscaaping/outdoorr dining is $522,000.
As you are aaware, the BFFA Program iss a matchinggrant is for aarchitecturalsservices and aactual
construction costs relatingg to façade rredevelopmennt or landscaape visible froom public rights of
way. The EDDA’s 2010 capital allocatioon included fuunding for BFFA Grant applications and other
revitalizationefforts. While the capitaal fund was rrecently reduuced, the remmaining balannce is
ccover additionnal BFA appliccation.
sufficient to
BFA programm oversight annd authority foor grant approoval was deleegated to the EDA. The EDDA is
to review andd approve graants based onn the followingg guidelines oon a first come, first servedd
basis:
1.A prooject for whichh an applicatiion has been received will only be revieewed if it is filled
outccompletely annd accompanied by photoggraphs illustraating subject bbuilding(s) andd
property.
2. Prefeerence will bee given to projjects which:
Will possitively contribbute to the Citty revitalizatioon/renewal effforts.
Will elimminate a blightting influencee.
Will resuult in a visiblee improvemennt that would nnot be made otherwise.
Demonsstrate a ratio oof private inveestment to puublic investmeent greater thaan
2:1.
3. Projeect is consisteent with the CComprehensivve Plan, transsportation planns and other
appliicable plans. The project iss consistent wwith the Compprehensive Pllan.
4. Projeects must be completed wiithin a timely manner from date of officiaal project appproval
(i.e.oone year withh a maximum extension of an additional six months). As indicated,
dollaars are limitedd and reimbursement will be made after project improovements aree
comppleted, and reeimbursement requested. The project wwill be complete within one year.
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Review of RRequest:
Review of thee application is requested.
Action:
EDA consideeration of the grant application is kindly requested.
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