Pollos Pio Pio Enterprises, LLC d/b/a Pio Pio Latin Cuisine (Pio Pio) plans to relocate and expand its full service Latin restaurant to 2259 South Semoran Boulevard, one half mile north of its current location. The project consists of a complete interior renovation and partial expansion of an approximately 5400sf building including new kitchen equipment, new roof, new HVAC system, electrical system upgrade, restroom updates in compliance with ADA guidelines and a total of 151 seats.  Pio Pio plans to create 8 new full-time jobs through this project.  Total capital investment for this project is approximately $400,000.   The applicant is also the property owner.  The business is located in the Gateway Orlando Market Street District.

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 Pio Pio under the Business Assistance Program, are $87,367.82.  The BAP will pay fifty percent of eligible fees ($20,000); this project qualifies for the maximum award.  The fee breakdown is as follows:  Sewer Benefit Fee @ 50% = $10,901.10, Transportation Impact Fee @ 50% = $32,777.71- $23,678.81 = $9,098.90.

Approve the Business Assistance Program Agreement between Pollos Pio Pio Enterprises, LLC d/b/a Pio Pio Latin Cuisine 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.