SUBJECT/RECOMMENDATION:
Title
Approve a not to exceed amount of $55,000 for streetscape improvements in the CRA constructed by 400 Cleveland Street, LLC and authorize the appropriate officials to execute same.
Body
SUMMARY:
The Developer is requesting funding in a not to exceed amount of $55,000 to assist with the cost of pavers for right-of-way improvements.
The SkyView is a mixed-use redevelopment project located at 400 Cleveland Street. The project includes 31 residential units and 6,500 square feet of restaurant space. The site is located within the Clearwater Downtown Redevelopment Plan (CDRP) area, the intent of which is to provide a flexible framework for the redevelopment of Downtown into a place that attracts people to live, work, shop and play. Use of CRA funds is supported by certain Goals, Policies and Objectives of the CDRP as well as the ULI Advisory Services Panel Report (Clearwater Florida: A New Vision for Downtown) and the Imagine Clearwater Plan (Imagine Clearwater: A Community Vision for the Downtown Clearwater Waterfront).
As part of the SkyView mixed use redevelopment, the right-of-way improvements will aesthetically enhance the area, provide connection between the existing Cleveland Street Streetscape, Osceola Avenue and Laura Street enhancing the pedestrian experience.
APPROPRIATION CODE AND AMOUNT:
Funding to be provided by CRA funding code 388-94893 - CRA Opportunity Fund.