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File #: 23-672    Version: 1
Type: New Business Status: Approved
File created: 9/20/2023 Meeting Body: City Council
On agenda: 10/3/2023 Final action: 10/3/2023
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 Black-Chaffins Development LLC owner of the property located at 136 East Hill Street, Keller, TX 76248 for a City of Keller Fa?ade Improvement Grant.
Attachments: 1. 10032023 Exhibit A.1 Resolution 136 E Hill, 2. 10032023 Exhibit A Proposed 380 Agreement 136 E Hill, 3. 10032023 Exhibit A.2 136 E Hill FIG Application, 4. 10032023 Exhibit A.3 Resolution No. 4371, 5. 136 Hill St FIG Presentation

To:                     Mark R. Hafner, City Manager

From:                     Mary Culver, Director of Economic Development

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 Black-Chaffins Development LLC owner of the property located at 136 East Hill 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:                     

Black-Chaffins Development LLC is requesting a $10,000 façade improvement grant for improvements to the property located at 136 E Hill Street. The total estimated cost of all grant eligible façade improvements is $21,000.

 

Eligible improvements include the installation of a gable on the west side of the property where a carport was previously located. The gable will match an existing gable on the structure. Landscape will also be improved with new irrigation and sod.

 

Financial Impact:

FY 2023-24 Available Budget:
- Development Grant Budget - $35,000 of $35,000
- Economic Development Incentive Budget - $225,000 of pro renata funds

The total requests being considered on this agenda is $38,930.

Citizen Input/Board Review:                     

The Keller Economic Development Board voted 7-0 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 economic impact, anticipated increase in taxable value of the subject property, overall improvement to the subject site including the degree of visual improvement 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.