TO: CRA Board of Commissioners
FROM: Ashlyn Darden, Legal Advisor
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: April 23, 2024
Title
PAINT-UP & SIGNAGE FUNDING ASSISTANCE AGREEMENT - MONNILIA INVESTMENT LLC (601 W ATLANTIC AVE, CRA SUB AREA #3) IN AN AMOUNT NOT TO EXCEED $3,018.96.
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Recommended Action:
Recommendation
Approve a Paint-Up & Signage Funding Assistance Agreement with Monnilia Investment, LLC for the proposed exterior painting improvements at 601 W. Atlantic Avenue, within CRA sub-area #3, for an amount not to exceed $3,018.96, pending paint color change approval from the City of Delray Beach.
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Background:
The Paint-Up & Signage Program was originally established by the Delray Beach Community Redevelopment Agency (CRA) in 2007 to encourage existing building owners or tenants to improve the exterior of their buildings through a new coat of paint and was later expanded to include signage. The program helps to enhance the aesthetics of neighborhoods in the CRA district by facilitating minor cosmetic improvements such as exterior painting and signage projects, with a maximum possible grant award of $5,000.
MonnilIa Investment LLC owns the building and property located at 601 W Atlantic Ave., the property consists of a market / convenience store, Leogane Market, which is operated by Willie Maddy who is the registered agent of Monnilla Investment LLC.
The Applicant and property owner, Monnillia Investment LLC, is requesting funding assistance through the Paint-Up & Signage Program, to pay 50% of eligible exterior painting improvement costs, up to $5,000. The two estimates submitted by the Applicant have an estimated cost of $6,037.92 and $9,200.00. As such, the Applicant is eligible to receive total funding assistance for $3,018.96.
The Applicant is in the process of applying for Color Change Approval for 601 W. Atlantic Avenue. If the funding assistance request and the color change approval is approved, the Applicant a...
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