CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Economic Development 		For Meeting of:
February 10, 2014
District: 6 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Business Assistance Program Agreement between DesignShop Display Communications, Inc. and the City of Orlando - 4654 35th Street
Summary:

DesignShop Display Communications, Inc. (DesignShop), is an existing business located 4654 35 Street. DesignShop is a display manufacturer whose main focus is on design and implementation of museum interiors, retail environments and trade show exhibits. The company has experienced steady growth and plans to expand its office and warehouse space to meet its needs on-site. The company will almost double its existing office space from 3500sf to 6370 sf and increase its warehouse space from 21,000sf to over 33,400 sf. DesignShop currently has 28 full time employees, with plans to create an additional 52 new, full time jobs. Total capital investment for this project is $1.54 million.

DesignShop requested assistance through the City of Orlando's Business Assistance Program. The Business Assistance Program (BAP) is a matching grant program that was approved by the Orlando City Council on June 18, 2001 to encourage small businesses to locate, expand or redevelop in the City of Orlando. The Business Assistance Program assists with small-scale infrastructure projects, building permitting fees and impact fees. The BAP pays fifty percent of eligible fees. The maximum amount granted under the program guidelines is $20,000. All BAP awards greater than $5,000 are required to be forwarded to City Council for approval.

Total eligible fees for DesignShop under the Business Assistance Program, are $28,951.68. The BAP will pay fifty percent of eligible fees ($14,475.85). The fee breakdown is as follows: Transportation Impact Fees @ 50% = $11,009.62, Sewer Benefit Fees @ 50% = 3,466.23
Fiscal & Efficiency Data:
Fiscal impact statement attached
Recommended Action:
Approve the Business Assistance Program Agreement between DesignShop Display Communications, Inc. and the City of Orlando, and authorizing the Mayor or Mayor Pro Tem and City Clerk to execute same, subject to review and approval by the City Attorney's Office.
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Kim King
Approved By:

Department Date and Time
Planning and Environmental Attorney 1/30/2014 12:38 PM
Budget Outside Routing Approval 1/31/2014 10:20 AM
City Clerk 1/31/2014 10:43 AM
ATTACHMENTS:
Name: Description: Type:
DesignShop_FIS.docx FIS Fiscal Impact Statement
BAP_Agreement_-_DesignShop_Display_Communications__Inc..docx Program Agreement Contract Docs
Exhibit_B_(DesignShop_Fees).pdf Exhibit B Exhibit
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