To: Mark R. Hafner, City Manager
From: Trina M. Zais, AICP, MPA, Director of Public Services & Economic Development
Subject:
Title
Consider a resolution approving a Chapter 380 Economic Development Program Agreement, pursuant to Chapter 380 of the Texas Local Government Code, and pursuant to the City’s Economic Development Policy, with The Station Grill and Ice House, LLC, on behalf of Panther Real Estate, owner of property located at 111 West Vine Street, Keller, Texas, for an Old Town Keller Façade Improvement Matching Grant, and authorizing the City Manager to execute said documents on behalf of the City of Keller, Texas.
Action Requested:
Consider a resolution approving a Chapter 380 Economic Development Program Agreement, for an Old Town Keller Façade Improvement Matching Grant, in the amount of $5,000.00.
Background:
Rick Figueroa and Randy Brown, owners of The Station Grill & Ice House, are requesting a $5,000.00 façade improvement grant for improvements to the property located at 111 West Vine Street. The total estimated cost of all eligible façade improvements is $49,477.24.
On June 16, 2009, City Council approved a resolution granting a $1,400 façade improvement grant for the improvements of 111 West Vine Street. The grant was applied to the costs of painting exterior walls and trim and installation of a new door on the west side of the building.
On May 15, 2012, City Council approved a resolution granting a façade improvement grant for the improvements of 111 West Vine Street. The grant expired due to the tenant’s failure to complete improvements.
The grant policy allows participants to apply for up to one grant in a 12 month period from completion of previous grant.
Budget Impact:
The remaining program budget for the 2017 Fiscal Year is $35,000.00. If the façade improvement matching grant application is approved, the remaining program budget would be $30,000.00.
Citizen Input/Board Review:
The Keller Economic Development Board considered the request at its May 19, 2017 meeting and unanimously recommended approval.
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 approval of proposed resolution as presented.