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File #: 18-0600 CRA    Version: 1 Name:
Type: CRA Funding Assistance Status: Agenda Ready
File created: 6/16/2020 In control: Community Redevelopment Agency
On agenda: 6/23/2020 Final action:
Title: SITE DEVELOPMENT ASSISTANCE FUNDING - MARION ASSOCIATES, LLC (131 NW 1ST AVENUE) FOR AN AMOUNT NOT TO EXCEED $75,000
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Location Map, 3. Exhibit B - Photos of Existing Conditions, 4. Exhibit C - Renderings & Floor Plans, 5. Exhibit D - Funding Assistance Detail Sheet, 6. Exhibit E - Application Form, 7. Exhibit F - Project Narrative, 8. Exhibit G - Business Plan & Financial Projections, 9. Exhibit H - Site Development Assistance Program Guidelines
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Grant Manager
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: June 23, 2020

Title
SITE DEVELOPMENT ASSISTANCE FUNDING - MARION ASSOCIATES, LLC (131 NW 1ST AVENUE) FOR AN AMOUNT NOT TO EXCEED $75,000

Body
Recommended Action:
Recommendation
Approve the Site Development Assistance Program Funding Agreement with Marion Associates for the proposed interior and exterior improvement project located at 131 NW 1st Avenue, in an amount not to exceed $75,000.

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Background:
Marion Associates, LLC is a management services company, founded by Mr. Joseph Marion (Owner) and is headquartered at 131 North 1st Avenue, within CRA sub-area #3, the Old School Square Historic District. Marion Associates, LLC has been a Delray Beach-based business for twenty-five years. What originated as a company providing book-keeping, meeting planning, and record keeping services for non-profit associations, now provides a full line of management services including business development, marketing, web maintenance, and charity fundraising.

The Owner submitted an application for funding support in April 2020. Marion Associates, LLC has a five-year growth plan to expand its business operations at the 131 North 1st Avenue property, which is zoned for commercial and residential use. Funding assistance will help with the expansion of the property, which will include the addition of 1,500 square feet and interior and exterior upgrades to modernize the property. The immediate use of the renovated property will produce job creation with the addition of three positions, and in future years, serve the needs of other small to medium-sized businesses in need of office space in downtown Delray Beach.

Funding assistance is requested for interior and exterior improvements including: building expansion through interior renovations and buildout; lighting and electrical upgrades; purchase and installation of windows and doors;...

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