Items Types:
Economic Development
For Meeting of:
June 5, 2017
District: 1 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Business Assistance Program Agreement between Mito Sushi & Grill, LLC and the City of Orlando - 9430 Narcoossee Road


Mito Sushi & Grill, LLC (Mito) plans to open a new restaurant at 9430 Narcoossee Road. The project consists of a complete interior renovation including a new kitchen, plumbing and HVAC systems, restrooms, lighting, ceiling, tile, carpet as well as 97 seats.  Mito plans to create 8 new full-time jobs through this project.  Total capital investment for this project is approximately $400,000.   

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 Mito under the Business Assistance Program, are $29,959.14.  The BAP will pay fifty percent of eligible fees ($14,979.57). The fee breakdown is as follows:  Transportation Impact Fee @ 50% = $3,164.97, Sewer Benefit Fee @ 50% = $11,814.60. 

Fiscal & Efficiency Data: Fiscal impact statement attached.

Recommended Action:
Approve the Business Assistance Program Agreement between Mito Sushi & Grill, 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-Maysonet
Approved By:

Department Date and Time
Budget Outside Routing Approval 5/24/2017 4:09 PM
City Clerk 5/24/2017 4:20 PM

Name: Description: Type:
Mito_Sushi_FIS.docx Fiscal Impact statement Fiscal Impact Statement
BAP_Agreement_-_Mito_Sushi___Grill%2c_LLC.docx Program Agreement Contract Docs
Exhibit_A_(Mito_Sushi_Legal).pdf Exhibit A Exhibit
Exhibit_B_(Mito_Fees).pdf Exhibit B Exhibit

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