Summary:
The Monarch Learning Academy, Inc. (MLA) is a Florida not-for-profit organization that has operated a school for children ages one year through eighth grade since 2010. MLA is an independent school that offers a well-balanced educational experience through an integrated curriculum approach. MLA currently serves 150 students; nearly 70% are City of Orlando residents.
In order to accommodate growth, MLA plans to expand to a larger facility and renovate an existing 15,000+ sf, space at 1914 Edgewater Drive. Total capital investment for this project is approximately $450,000.
MLA has applied for assistance through the City of Orlando's Not-for-Profit Impact Fee Assistance program. The Not-for-Profit Impact Fee Assistance Program assists eligible not-for-profit agencies, located in the City of Orlando, with the payment of sewer benefit and transportation impact fees for construction projects. The maximum assistance approved under this program is 50% of the total eligible impact fees assessed on the project. The maximum amount granted under the program guidelines is $50,000. The standards for eligibility require that all requests for assistance be forwarded to City Council for approval.
Total eligible fees for MLA under the Not-for-Profit Impact Fee Assistance Program, are $42,893.90. The program will pay fifty percent of eligible impact fees ($21,446.95). The fee breakdown is as follows: Sewer Benefit Fee @ 50% = $21,446.95. |
Recommended Action:
Approve the Not-for-Profit Impact Fee Assistance Program Agreement between The Monarch Learning Academy, Inc. 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 |