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File #: 23-674    Version: 1
Type: Old Business Status: Tabled
File created: 9/20/2023 Meeting Body: City Council
On agenda: 10/3/2023 Final action:
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 Calli Wang of North Texas Whole Health Wellness Center, owner of the property located at 413 Keller Parkway, Keller, TX 76248 for a City of Keller Fa?ade Improvement Grant.
Attachments: 1. 10172023 Exhibit A.1 Resolution 413 Keller Pkwy, 2. 10172023 Exhibit A Proposed 380 Agreement 413 Keller Pkwy, 3. 10172023 Exhibit A.2 413 Keller Pkwy FIG Application, 4. 10172023 Exhibit A.3 Resolution No. 4371, 5. G-1 - 413 Keller Pkwy 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 Calli Wang of North Texas Whole Health Wellness Center, owner of the property located at 413 Keller Parkway, 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 $8,930.

 

Background:                     

Calli Wang of North Texas Whole Health Wellness Center is requesting a $8,930 façade improvement grant for improvements to the property located at 413 Keller Parkway. The total estimated cost of all grant eligible façade improvements is $8,930.

Eligible improvements include the replacement of the main entrance door with an ornamental door; exterior signage; installation of solar screens to match with the buildings within the business park; and replacing shrubs and plantings.

 

Financial Impact:

FY24 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 4-3 recommending denial of the request.

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.