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 Courtney Mair and Danielle Sinclair, owners of Swanky Chic Boutique located at 241 South Main Street, Keller, TX 76248 for a City of Keller Façade Improvement Grant.
Action Requested:
Consider a resolution approving a Chapter 380 Economic Development Program Agreement, for a City of Keller Façade Grant, in the amount of $10,000.
Background:
Courtney Mair and Danielle Sinclair, owners of Swanky Chic Boutique is requesting a $10,000 façade improvement grant for improvements to the property located at 241 South Main Street. The total estimated cost of all grant eligible façade improvements is $16,000.
Eligible improvements include: exterior paint applied to the building, front steps, and door; replacement of the railing on the north side of the property and the main entrance with horizontal railing; installation of a mural and string lights to illuminate and beautify utility area; creation of a landscape area on the north side of the building; new landscaping around monument sign; repair and replacement of broken and dislodged stones on monument sign; and replacement of the the siding on the front peak with cedar sake style siding.
Financial Impact:
FY 23 Available Budget:
Development Grant Budget - $0 of $35,000
Economic Development Incentive Budget - $268,995 of $428,037
FY 23 FIG 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)
139 Olive St - $10,000 (Completion Date 5/4/2024)
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 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.