The Osprey Tavern, LLC (Osprey Tavern) plans to open a new, gastropub concept restaurant at 4899 New Broad Street. The Osprey Tavern will feature seasonal new American cuisine, a raw bar, charcuterie and cheese, craft beer, fine wine and scratch cocktails featuring small batch spirits.  The project consists of a complete interior renovation including interior demolition, new plumbing, electrical, mechanical and HVAC system, kitchen equipment and grease trap hook up.  Osprey Tavern plans to create 40 new full-time jobs through this project.  Total capital investment for this project (interior and exterior work) is approximately $1.2 million. 

Osprey Tavern has 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 The Osprey Tavern under the Business Assistance Program, are $37,605.15.  The BAP will pay fifty percent of eligible fees ($18,802.58).  The fee breakdown is as follows:  Sewer Benefit Fee @ 50% = $18,802.58.  

Approve the Business Assistance Program Agreement between The Osprey Tavern, LLC 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.