To: Mark R. Hafner, City Manager
From: Mary M. 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 Ashley Hernandez of 139 Olive LLC, owner of the property located at 139 Olive Street, Keller, TX 76248 for a City of Keller Facade Improvement Grant.
Action Requested:
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.
Background:
Ashley Hernandez, owner of 139 Olive, LLC is requesting a $10,000 façade improvement grant for improvements to the property located at 139 Olive Street. The total estimated cost of all grant eligible façade improvements is $11,968.66.
Financial Impact:
FY 22-23 Budget
- Development Grant Request - $35,000
- Economic Development Incentive Budget currently unassigned for as needed projects = $225,000
Façade Improvement Grant Commitments:
207 S Elm St - $10,000 (Completion Date 12/6/2023)
200 S Main St - $10,000 (Completion Date 4/4/2024)
234 S Main St - $10,000 (Completion Date 4/4/2024)
Citizen Input/Board Review:
The Keller Economic Development Board voted 7-0 to recommend approval of the request as it was presented with no additional conditions.
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.