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HomeMy WebLinkAbout[05a] BFA Grant Application: St. Joe Meat MarketDATE: April 21, 22010 MEMO TO: Economicc Developmennt Authority FROM: CynthiaSSmith-Strack MMunicipal Devvelopment Grroup RE: BFA GranntApplication: St. Joe Meaat Market Backgroundd: Harvey Pfannenstein, Owwner of St. Jooe Meat Marrket will be ssubmitting an application tto the Business Façade Architecctural Grant Program. Accopy of the aapplication will be distributted at th the EDA meeeting on April 28. st The applicattion is for ann expansion oof the existinng structure 226 1Avenuue Northwestt. The planned exppansion wouldd increase thhe building ssize from 4,2222 s.f. to 7,,224 s.f. (3,0002 sf addition). Additional infformation on the project annd site plans applicable to the expansioon are containned in this packet under the Dowwntown Parkinng agenda iteem packet infoormation. 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 rig hts 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 sufficient to ccover additionnal BFA appliccation. 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, п¹» îî dollaars are limitedd and reimbursement will be made after project improovements aree comppleted, and reeimbursement requested. The project wwill be complete within one year. Review of RRequest: Review of thee application is requested. Action: EDA consideeration of the grant application is kindly requested. п¹» îí