Keller Banner
File #: 23-891    Version: 1
Type: New Business Status: Approved
File created: 12/14/2023 Meeting Body: City Council
On agenda: 1/16/2024 Final action: 1/16/2024
Title Search: Consider a resolution approving a Chapter 380 Economic Development Agreement, pursuant to Chapter 380 of the Texas Local Government Code, and pursuant to the City's Economic Development Policy, with Danny Eldridge of BEN Investments LLC, owner of the property located at 147 S Elm Street, Keller, TX 76248 for a City of Keller Fa?ade Improvement Grant.
Attachments: 1. 011624 Exhibit A.1 Resolution 147 S Elm, 2. 011624 Exhibit A Proposed 380 Agreement 147 S Elm, 3. 011624 Exhibit A.2 147 S Elm FIG Application, 4. 011624 Exhibit A.3 Resolution No. 4371, 5. H-2 Presentation 147 S Elm Facade Grant Request

To:                     Mark R. Hafner, City Manager

From:                     Siale Langi, Economic Development Specialist

Subject:                     

Title

Consider a resolution approving a Chapter 380 Economic Development Agreement, pursuant to Chapter 380 of the Texas Local Government Code, and pursuant to the City’s Economic Development Policy, with Danny Eldridge of BEN Investments LLC, owner of the property located at 147 S Elm Street, Keller, TX 76248 for a City of Keller Façade Improvement Grant.

Body

 

Action Requested:                     

Consider a resolution approving a Chapter 380 Economic Development Agreement, for a City of Keller Façade Grant, in the amount of $10,000.

 

Background:                     

BEN Investments LLC is requesting a $10,000 façade improvement grant for improvements to the property located at 147 S Elm Street. The total estimated cost of all grant eligible façade improvements is $26,531.

Eligible improvements include the addition of a covered front porch with cedar tongue and groove; reoriented entrance and walkway, demolition of the carport, installation of siding, brickwork and replacement of window; repair and installation of landscaping.

 

Financial Impact:

FY 24 Available Budget:
- Development Grant Budget - $5,000 of $35,000
- Economic Development Incentive Budget - $225,000 of pro renata funds

Citizen Input/Board Review:                     

The Keller Economic Development Board voted 6-0 recommending approval as the request was presented with no additional conditions.

Considerations for awards include the availability of grant funds, project compliance to Façade Improvement Grant Program Policy, anticipated increase in taxable value of the subject property, overall improvement to the subject site including the degree of visual improvement to the storefront and streetscape, design and quality of the proposed work and compatibility within the district, overall project cost, and utilization of a local Keller business to complete improvements.

 

Legal Review:                       

The City Attorney’s Office has reviewed the proposed Chapter 380 Agreement.

 

Alternatives:                     

City Council has the following alternatives:                       

-                     Approve as submitted

-                     Approve with changes

-                     Denial

 

Council Action:                     

Consider a resolution approving a Chapter 380 Economic Development Program Agreement, for a City of Keller Façade Improvement Grant, in the amount of $10,000.