CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Economic Development 		For Meeting of:
April 10, 2017
District: 3 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Small Business Facade Program Agreement between NPJ Partners, LLC and the City of Orlando - 3101 Corrine Drive
Summary:

NPJ Partners, LLC (NPJ) has applied for assistance through the City of Orlando Small Business Facade Program for landscaping, building painting, stucco patching, exterior door and frame, patio canopy, storefront glass and parking lot sealcoat and restripe for a property it owns at 3101 Corrine Drive.  The future building tenant, Bem Bom, will complete an interior renovation of the building.  This capital investment is estimated to be $260,000.

 

The SBFP is an interest free deferred loan for facade improvements to new and existing commercial property and business owners in the City of Orlando. The program, which was approved by the City Council on November 13, 2006, provides assistance with costs related to exterior physical improvements. The SBFP offers matching loan funds to off-set the costs of design and facade improvement expenses such as painting, wall repair or cleaning; window repair or replacement; awnings; new or replacement signage; lighting; streetscape and door repair or replacement. Under the program, the City will loan 50% of the total project cost. Total loan assistance from the City shall not exceed $20,000.

 

Total eligible project costs for NPJ Partners, LLC under the SBFP are $49,325.

 

The Small Business Facade Review Committee recommended approval of funding in the amount of $20,000; the project qualifies for the maximum award amount. The Small Business Facade Review Committee Meeting was held March 27, 2017.
Fiscal & Efficiency Data: Fiscal Impact statement attached.
Recommended Action:
Approval of the Small Business Facade Review Committee Recommendation and Funding Agreement between NPJ Partners, 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 of 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-Maysonet
Approved By:

Department Date and Time
Budget Outside Routing Approval 3/29/2017 3:19 PM
City Clerk 3/30/2017 7:15 AM
ATTACHMENTS:
Name: Description: Type:
NPJ_Partners_FIS.docx Fiscal Impact statement Fiscal Impact Statement
SBF_SIP_Agreement_-NPJ_Partners%2c_LLC.docx Program Agreement Contract Docs
NPJ_SBFP_App.pdf Program Application Backup Material
NPJ_Concept.pdf Project Concept Backup Material
NPJ_Project_Estimate.pdf Project Estimates Backup Material
Small_Business_Façade_Committee_Meeting_3-27-17_(draft_minutes).docx Meeting Minutes Backup Material
Exhibit_(NPJ_Legal).pdf Exhibit Exhibit
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