CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Community Redevelopment Agency (CRA)
For Meeting of:
February 9, 2015
District: 3,4,5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Subject:
MEBA Funding Agreement and Security Agreement for The Design House of Colour, LLC

Summary:
The Minority/Women Business Assistance Program was approved by the CRA on August 28, 2006. The MEBA Program assists with small business retention and creation in the MEBA target area as defined within the Downtown Orlando Community Redevelopment Area. The MEBA Program provides financial assistance of up to $40,000.00 to qualified new and existing retail and service businesses for retention/relocation expenses, purchase of capital equipment, marketing services, and business start-up expenses.

The Design House of Colour, LLC is a training and retail concept that will offer professional garment printing and decorating instruction, along with a marketplace where retail products produced by program graduates, fashion designers, and internally by The Design House of Colour, LLC will be showcased. The concept was conceived by Dr. Renee Forbes Williams and will be located at 595 West Church Street at the base of the City View tower. The applicant has requested $40,000.00 to be used towards capital equipment, site improvements, rent abatement, and marketing expenses.   

The MEBA Advisory Board approved funding up to $40,000.00 at the November 12, 2014 MEBA Advisory Board Meeting.

The Community Redevelopment Agency Advisory Board recommended approval of funding up to $40,000.00 at the January 28, 2015 Board Meeting.



Fiscal & Efficiency Data: Attached.

Recommended Action:
Staff requests approval of the MEBA Funding Agreement and Security Agreement between the CRA and The Design House of Colour, LLC, and authorization for the Chairman and Executive Director of the CRA to execute said Agreements, subject to the 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:
Approved By:

Department Date and Time
Budget Outside Routing Approval 1/30/2015 9:17 AM
Real Estate and Finance Attorney 1/30/2015 9:45 AM
City Clerk 1/30/2015 9:51 AM

ATTACHMENTS:
Name: Description: Type:
FIS_The_Design_House_of_Colour__LLC.pdf Fiscal Impact Statement Backup Material
The_Design_House_of_Colour_MEBA_Application_Package_(1)_Part1.pdf The Design House of Colour MEBA Application Package_Part 1 Backup Material
The_Design_House_of_Colour_MEBA_Application_Package_(1)_Part2.pdf The Design House of Colour MEBA Application Package_Part 2 Backup Material
The_Design_House_of_Colour__LLC_-_Guaranty_(1).pdf The Design House of Colour, LLC - Guaranty Backup Material
The_Design_House_of_Colour__LLC_-_MEBA_Agrmt_(2).pdf The Design House of Colour, LLC - MEBA Agreement Backup Material
The_Design_House_of_Colour__LLC_-_Security_Agreement_(2).pdf The Design House of Colour, LLC - Security Agreement Backup Material

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