| | | | | | | |  | CITY OF ORLANDO
AGENDA ITEM
|
|
| | | | | | | |
Items Types: Community Redevelopment Agency (CRA)
| For Meeting of: 6/15/2015
| | District:5 | On file (City Clerk):Yes |
|
| | | | | | | | | Subject: | MEBA Funding Agreement and Security Agreement for Little Kings and Queens Learning Center, 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.
Little Kings and Queens Learning Center, LLC is a daycare center whose objective it is to provide the local community with reliable and affordable daycare service for children from infancy to school age in a developmentally appropriate environment. The business is owned and operated by Casarah Henderson and is located at 800 West Central Boulevard. The applicant is requesting $27,801.00 to be used towards capital equipment, rent abatement, marketing assistance, and capital improvements.
The MEBA Advisory Board recommended approval of funding up to $27,801.00 at the April 17, 2015 MEBA Advisory Board meeting.
The CRA Advisory Board recommended approval of funding up to $27,801.00 at the May 29, 2015 CRA Advisory Board meeting.
| | Fiscal and Efficiency Data: | Attached. | | Recommended Action: | Approval of the MEBA Funding Agreement and Security Agreement between the CRA and Little Kings and Queens Learning Center, 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. | | Contact: | |
|
| ATTACHMENTS: | | File Name | Description | Type | | Little_Kings_and_Queens_Learning_Ctr_-_MEBA_Agrmt.pdf | Little Kings and Queens Learning Ctr - MEBA Agrmt | Backup Material | | Little_Kings_and_Queens_Learning_Ctr__LLC_-_Guaranty.pdf | Little Kings and Queens Learning Ctr, LLC - Guaranty | Backup Material | | Little_Kings_and_Queens_Learning_Ctr__LLC_-_Security_Agreement.pdf | Little Kings and Queens Learning Ctr, LLC - Security Agreement | Backup Material | | Little_Kings_and_Queens_Learning_Center_LLC_FiscalImpactStatement.pdf | Fiscal Impact Statement | Backup Material | | Little_Kings_and_Queens_Application_Package.pdf | Little Kings and Queens Application Package | Backup Material | | Little_Kings_and_Queens_Application_Package_2.pdf | Little Kings and Queens Application Package_2 | Backup Material | | Little_Kings_and_Queens_Application_Package_3.pdf | Little Kings and Queens Application Package_3 | Backup Material |
|
| | | | | | | |
 "Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner." |
|
|