CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Economic Development
For Meeting of:
February 29, 2016
District: 3 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Subject:
Business Assistance Program Agreement between Ghost Ventures II, LLC d/b/a Lazy Moon Pizza and the City of Orlando - 1011 East Colonial Drive

Summary:

Ghost Ventures II, LLC d/b/a Lazy Moon Pizza (Lazy Moon) serves pizza slices and pies, along with other Italian fare and offers an atmosphere where customers can spend the day eating, relaxing and playing bocce ball.  The restaurant has an existing store near the University of Central Florida.  Lazy Moon is opening a second location at 1011 East Colonial Drive. The business plans to occupy nearly 5,000 sf of an existing space, complete an interior renovation including HVAC, plumbing, and electrical systems, installation of kitchen equipment and furniture and create 20 new, full time jobs. Total capital investment for this project is more than $900,000.

The business 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. 

Total eligible fees for Lazy Moon under the Business Assistance Program, are $63,056.02.  The BAP will pay fifty percent of eligible fees ($20,000).  The fee breakdown is as follows:  Sewer Benefit Fee @ 50% = $13,717.73, Transportation Impact Fee @ 50% = $17,810.29.    $17,810.29- $11,528.02 = $6,282.27.  The project qualifies for the maximum award of $20,000.


Fiscal & Efficiency Data: Fiscal Impact Statement attached.

Recommended Action:

Approve the Business Assistance Program Agreement between Ghost Ventures II, LLC d/b/a Lazy Moon Pizza 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 2/19/2016 4:39 PM
City Clerk 2/19/2016 5:18 PM

ATTACHMENTS:
Name: Description: Type:
Lazy_Moon_FIS.docx Fiscal Impact statement Fiscal Impact Statement
BAP_Agreement_-_Ghost_Ventures_II__LLC_dba_Lazy_Moon_Pizza.docx Program Agreement Contract Docs
Exhibit_B_(Lazy_Moon_Fees).pdf Exhibit Backup Material

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