CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Economic Development
For Meeting of:
July 28, 2014
District: 3 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Subject:
Small Business Facade Program Agreement between Exclusive Collection, LLC d/b/a Remax Exclusive Collection the City of Orlando - 2630 Edgewater Drive

Summary:

Exclusive Collection, LLC d/b/a Remax Exclusive Collection operates a boutique real estate company located at 2630 Edgewater Drive and has applied for assistance through the City of Orlando Small Business Facade Program for new windows, awnings, exterior lighting, landscaping, and irrigation.  Total capital investment for the improvements is $33,650.  This business is located within the College Park Partnership Main Street area.

 

The SBFP is an interest free deferred loan for facade improvements to new and existing commercial property and business owners in the City of Orlando. The program, which was approved by the City Council on November 13, 2006, provides assistance with costs related to exterior physical improvements. The SBFP offers matching loan funds to off-set the costs of design and facade improvement expenses such as painting, wall repair or cleaning; window repair or replacement; awnings; new or replacement signage; lighting; streetscape and door repair or replacement. The City will pay 100% of the first $1,000 of total eligible project costs and loan 80% of the remaining balance. The maximum amount loaned under the program guidelines is not to exceed $20,000 per applicant.

 

Total eligible project costs for Exclusive Collection, LLC d/b/a Remax Exclusive Collection under the Small Business Facade Program are $33,650.  The SBFP will pay 100% of the first $1,000 of total eligible project costs and loan 80% of the remaining balance.   The project breakdown is as follows: Install new windows, awnings, exterior lighting, landscaping, and irrigation = $33,650.  $32,650@80% = $26,650+ $1,000 = $27,650.  $27,650-$7,650= $20,000.

Fiscal & Efficiency Data: Fiscal Impact Statement attached

Recommended Action:

Approval of the Small Business Facade Program Agreement between Exclusive Collection, LLC d/b/a Remax Exclusive Collection and the City of Orlando, and authorizing the Mayor or Mayor Pro Tem and City Clerk to execute same, subject to review and approval of 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 7/17/2014 10:33 AM
Budget Outside Routing Approval 7/17/2014 11:04 AM
City Clerk 7/17/2014 11:07 AM

ATTACHMENTS:
Name: Description: Type:
SBFP_Agreement_-_Exclusive_Collection__LLC.docx Program Agreement Contract Docs
Work_Estimate.pdf Work Estimate Backup Material
Exclusive_Collection_LLC_FIS.docx FIS Fiscal Impact Statement

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