TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Grant Manager
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: August 20, 2019
Title
DISCUSSION - SITE DEVELOPMENT ASSISTANCE PROGRAM FUNDING ASSISTANCE APPLICATION - CEASAR’S CATERING & MORE, LLC (37 SW 5TH AVENUE)
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Recommended Action:
Recommendation
Execute a second amendment/modification to the existing Site Development Assistance Program Funding Agreement with Ceasar’s Catering & More, LLC (Ceasar’s) for the interior and exterior improvement project located at 37 SW 5th Avenue, to pay remaining project costs at a 100% reimbursement rate, to include all the proposed costs as they qualify as standard eligible expenses under the program guidelines, and not to exceed the remaining funds in the amount of $34,612, on the condition that Ceasar’s purchases and installs appliances and remaining equipment, and expends out of pocket costs necessary to operate the restaurant prior to the CRA’s final payment/disbursement.
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Background:
Ceasar’s Catering & More, LLC began as a catering service and mobile enterprise, and decided to open their first brick-and-mortar restaurant to satisfy the growing demand for their food. In October 2017, the business secured a 5-year lease at 37 SW 5th Avenue, in Sub-Area #3 of the CRA District, which required interior renovations to retrofit the space to serve as a restaurant.
On June 11, 2018, at the CRA Board meeting, the Board approved a funding agreement under the Site Development Assistance Program for an amount not to exceed $27,711.12. Pursuant to program guidelines, the reimbursement rate was calculated at 100% of the first $10,000 of eligible expenses, and a 40% reimbursement rate thereafter, up to the maximum award. Under this funding agreement, Ceasar’s completed: interior demolition; disconnection and cap off of water valves and exposed electrical wiring; reframing; new rough plumbing installation; new rough electrical installation; gas l...
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