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.
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.