SUBJECT/RECOMMENDATION:
Title
Approve a Downtown Clearwater Commercial Grant for Talanga’s Holding, LLC, located at 1343 Cleveland St., Clearwater, FL 33755, in an amount not to exceed $106,786.78 and authorize the appropriate officials to execute same
Body
SUMMARY:
The Downtown Clearwater Commercial Grant Program is designed to support commercial property and business owners within the Downtown Clearwater Community Redevelopment Area (DTCRA) by providing financial assistance for improvements that enhance the appearance, functionality, and economic viability of properties. The program consolidates previous grant offerings into a single, more accessible structure to better serve applicants and advance the goals of the Downtown Redevelopment Plan.
On April 28, 2025, CRA staff received a grant application from Talanga’s Holding, LLC for a series of building and site improvements. The proposed work includes:
• Retroactive Reimbursement for:
• Security Camera System
o Large Fans
o Cooler Repairs
o Fryer
o Signage
• Future Work for:
o Paving & Parking Lot Paint
o Electrical
o HVAC
The total estimated cost of the project is $194,157.79, and the applicant will provide a 45% match, totaling $87,371.01.
Staff recommends approval of the grant in an amount not to exceed $106,786.78.
If approved, CRA staff will work with the applicant to execute a grant agreement outlining the terms and conditions. Grant funds will be disbursed upon submission and verification of all required documentation, including permits, itemized budgets, and photographic evidence of work performed.
APPROPRIATION CODE AND AMOUNT:
Funds for this new program are available in R2003- Economic Development-City in an amount of $800,000 for FY 2023-2024.
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.
3.1 Support neighborhood identity through services and programs that empower community pride and belonging.
