TO: CRA Board of Commissioners
FROM: Ashlyn Darden, Legal Advisor
THROUGH: Renée A. Jadusingh, Executive Director
DATE: April 23, 2024
Title
FIRST AMENDMENT TO SITE DEVELOPMENT ASSISTANCE FUNDING AGREEMENT - BLANC BEAUTY SALON HAIR AND NAIL INC.
Body
Recommended Action:
Recommendation
Approve an extension to the existing Site Development Assistance funding agreement for Blanc Beauty Salon Hair and Nail, Inc. for the improvement project located at 26 NW 6th Avenue, CRA sub-area #3.
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Background:
Blanc Beauty Salon Hair and Nail Inc was formed over 30 years ago by Co-Owners, Norcibien Monhomme and Chantal Reinfort-Monhomme. They have secured a multi-year lease with Hatcher Construction and Development and have plans to update and retrofit the 900 square foot space for their hair and nail salon. Permits for this project have been approved and the work will be completed by Hatcher Construction and Development.
At the November 16, 2023, CRA Board Meeting, the CRA Board approved a Site Development Assistance Funding Agreement for an amount not to exceed $32,141 to assist with the cost of improvements including interior framing, electrical, plumbing, related permitting, etc. it was anticipated that the project would be completed by February 2024.
Work has commenced and is underway, however delays in the permitting process for the Hatcher development caused delays in the completion of construction. The Funding Agreement currently expired on February 1, 2024.
Blanc Beauty Salon Hair and Nail Inc. continues to work with contractors to obtain materials and equipment and perform the work needed to complete construction and has stated that construction is delayed just a few weeks.
Therefore, CRA Staff recommends the approval of an extension for the First Amendment to the Site Development Assistance Funding Agreement to July 1, 2024.
Attachments: Exhibit A - Site Development Assistance Agreement; Exhibit B - First Amendment to Site Development Assistance Agreement;
CRA Attorney Review:
N/A
Funding Source/Financial Impact:
N/A
Overall need within the Community Redevelopment Area from Delray Beach CRA Redevelopment Plan:
Removal of Slum And Blight
Land Use
Economic Development
Affordable Housing
Downtown Housing
Infrastructure
Recreation and Cultural Facilities