CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Economic Development
For Meeting of:
June 20, 2016
District: 6 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 Fiorella Preparatory School, LLC and the City of Orlando - 6965 Piazza Grande Avenue

Summary:

Fiorella Preparatory School, LLC (Fiorella) is a private, day school that will offer a national and international curriculum to children ages 12 weeks to 5 years of age, with a mission of helping its students reach their highest development, social and academic potential.  Fiorella plans to open at 6965 Piazza Grande Avenue. The business will occupy approximately 5,600 sf of existing space, complete an interior renovation including addition of six classrooms, five restrooms, a kitchen, a sick room, and office, while creating 10 new, full time jobs. Total capital investment for this project is more than $500,000.

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 Fiorella under the Business Assistance Program, are $17,173.80.  The BAP will pay fifty percent of eligible fees ($8,586.90).  The fee breakdown is as follows:  Sewer Benefit Fee @ 50% = $8,586.90. 


Fiscal & Efficiency Data: Fiscal impact statement attached.

Recommended Action:
Approve the Business Assistance Program Agreement between Fiorella Preparatory School, 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.


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 6/1/2016 4:18 PM
City Clerk 6/1/2016 4:24 PM

ATTACHMENTS:
Name: Description: Type:
Fiorella_FIS.docx Fiscal Impact statement Fiscal Impact Statement
BAP_Agreement_-Fioella_Preparatory_School__LLC.docx Program Agreement Contract Docs
Exhibit_B_(Fiorella_Fees).pdf Exhibit Exhibit

"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."