Items Types:
Economic Development
For Meeting of:
May 18, 2015
District: 3 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Business Assistance Program Agreement between Spectrum Sports Performance, Inc. and the City of Orlando - 4257 Daubert Street


Spectrum Sports Performance, Inc. (Spectrum) plans to relocate from Winter Park to 4257 Daubert Street in the City of Orlando.  Spectrum is a leader in sports performance training of athletes in the Orlando area.    The company offers programs and services for professional, amateur, collegiate, high school and youth athlete, and general and performance fitness.  The property was recently annexed into the City of Orlando from Orange County to enable a connection to City sanitary sewer.  In addition to the City sewer connection, the 17,000 + sf building is being completely renovated.  Spectrum plans to create 25 new full-time jobs as a result of this project.  Total capital investment for this project is approximately $550,000. 

Spectrum 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 Spectrum Performance Sports, Inc. under the Business Assistance Program, are $43,570.66.  The BAP will pay fifty percent of eligible fees ($20,000).  The fee breakdown is as follows:  Public Right of Way Infrastructure @ 50% = $21,785.33-1,785.33= $20,000.

Fiscal & Efficiency Data: Fiscal Impact Statement attached

Recommended Action:
Approve the Business Assistance Program Agreement between Spectrum Performance Sports, Inc. 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.

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
Budget Outside Routing Approval 5/7/2015 5:29 PM
City Clerk 5/8/2015 8:38 AM

Name: Description: Type:
Spectrum_Sports_FIS.docx Fiscal Impact Statement Fiscal Impact Statement
BAP_Agreement_-Spectrum_Sports_Performance__Inc.docx Program Agreement Contract Docs
Exhibit_B_(Spectrum_Sports_Estimate).pdf Exhibit B Exhibit

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