SUBJECT/RECOMMENDATION:
Title
Approve a North Greenwood CRA Commercial Grant for 1700 North, LLC located at 1700 N Fort Harrison Ave Clearwater, FL 33755 in an amount not to exceed $75,000 and authorize the appropriate officials to execute same.
Body
SUMMARY:
On July 15, 2024, the CRA Trustees approved the North Greenwood Commercial Grant program. The Commercial Grant Program is designed to incentivize commercial property and business owners within the North Greenwood CRA to invest in building, structural, and site improvements. By offering grants of up to $75,000, this program aims to enhance the visual appeal and functionality of the area, stimulate economic growth, and create a business-friendly environment.
On November 5, 2024, CRA staff received a grant application from 1700 North LLC, located at 1700 N Fort Harrison Ave Clearwater, FL 33755. The application included improvements for:
• Roof Retroactive;
• Decorative fencing;
• Adding Turfgrass and Patio fixtures;
• The installation of decorative lighting, and security lighting;
• Awnings or canopies over windows or walkways, including shutters, seating areas;
• Electrical/plumbing upgrades and utility connections;
• Bicycle racks, shade areas, benches, or other pedestrian amenities;
• The installation of landscaping and irrigation systems, not to exceed twenty percent
• (20%) of the total grant amount.
• Interior& Exterior paint.
The applicant estimates the total project cost to be $78,963.46, but because the grant amount is only up to $75,000 the applicant will be required to provide a 40% match for the $75,000. In addition, up to 50% of the applicant’s match may be waived at the rate of one hour of community service per $300 of approved grant amount. Community Service must be performed within the North Greenwood CRA boundary. Staff recommends a grant in an amount not to exceed $75,000 for the improvements that are to be made at 1700 N Fort Harrison Ave.
If approved, the applicant shall occupy the property at 1700 N Fort Harrison Ave, Clearwater, FL, 33755 for a minimum of five years from the date of final certificate of completion. If the applicant should vacate the property, (1) the grant agreement would be null and void; (2) the Community Redevelopment Agency (CRA) will not tender any further funding; (3) the applicant will reimburse the CRA all the reimbursed funds.
Grant funds will be dispersed contingent upon obtaining construction permits, certificate of occupancy, digital photographs of the existing structure, an estimated itemized/detailed budget, and three (3) quotes per intended project.
Upon approval, CRA staff will work with the owners of 1700 North LLC to enter into a grant agreement, that specifies the terms and conditions. All required/supporting documents, invoices and payments must be submitted and reviewed by staff prior to disbursement.
APPROPRIATION CODE AND AMOUNT:
Funds are available in cost code 1817552-G2210, North Greenwood to fund this grant agreement.
STRATEGIC PRIORITY:
2.1 Strengthen public-private initiatives that attract, develop, and retain diversified business sectors.
2.2 Cultivate a business climate that welcomes entrepreneurship, inspires local investment, supports Eco-friendly enterprises, and encourages high-quality job growth.
2.3 Promote Clearwater as a premier destination for entertainment, cultural experiences, tourism, and national sporting events
