TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Grant Manager
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: December 10, 2020
Title
SITE DEVELOPMENT ASSISTANCE PROGRAM FUNDING APPLICATION - BLAIRS' DOWNTOWN CONDOMINIUM ASSOCIATION, INC. (415-419 EAST ATLANTIC AVENUE) FOR AN AMOUNT NOT TO EXCEED $23,064.00.
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Recommended Action:
Recommendation
Approve a Site Development Assistance Program Funding Agreement with Blairs' Downtown Condominium Association, Inc. for the proposed exterior improvement project located at 417-419 East Atlantic Avenue, for an amount not to exceed $23,064.00.
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Background:
Blairs' Downtown Condominium Association, Inc. (Blairs’) is a property management entity consisting of three (3) commercial units. The goal of Blairs is to ensure the future prosperity of the property and to contribute to the long-term success of the Downtown Delray Beach community. Blairs’ units are located at 415-419 East Atlantic Avenue, within CRA sub-area #2.
An application for funding support was submitted in August 2020. Blairs is requesting funding for exterior improvements that will result in an improved uniformed appearance of the three (3) units included in this application ¾ two office users and one retail space.
Funding assistance is requested for the exterior improvements, including: purchase and installation of new awnings; demolition; purchase and installation of new impact windows and doors; exterior painting; and related permit fees for work being completed. If approved, the Property Manager anticipates that the project will be fully completed by May 2021.
All estimated eligible expenses are listed in the attached Funding Detail Sheet and are in alignment with the program guidelines.
TABLE 1 AMOUNT
Estimated total capital investment $ 71,603.00
Estimated eligible expenses $ 57,660.00
Recommended funding assistance (up to) $ 23,064.00
If approved, funding would be disbursed accordingly:
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