Spanish Table, LLC d/b/a Txokos Basque Kitchen is a new, Basque restaurant in the East End Market located at 3201 Corrine Drive and has applied for assistance through the City of Orlando Small Business Facade Program for stucco of exterior walls, awnings, landscaping/planters, painting, and decorative wrought iron in windows and doors. Total capital investment for the improvements is $33,650. This business is located within the Audubon Park Garden District 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 Spanish Table, LLC d/b/a Txokos Basque Kitchen under the Small Business Facade Program are $27,500. 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 awnings, decorative wrought iron in windows and doors, landscaping/planters, stucco exterior walls and paint portion of building = $27,500. $26,500@80% = $21,200+ $1,000 = $22,200. $22,200-$2,200= $20,000.
Approval of the Small Business Facade Program Agreement between Spanish Table, LLC d/b/a Txokos Basque Kitchen 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.