Summary:
Fuste Group, Inc. (Fuste) plans to expand its existing business, Tainos Bakery, into two adjacent spaces, growing its footprint to more than 4000sf, at 5808 Lake Underhill Road. The project consists of a complete interior renovation including expansion of the kitchen, new plumbing and electrical systems, new restrooms, and tile as well as 53 additional seats. Fuste also plans to install a steam table to add hot food items to its menu. Fuste plans to create 14 new full-time jobs through this project. Total capital investment for this project is approximately $125,000. This 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 Fuste under the Business Assistance Program, are $17,539.20. The BAP will pay fifty percent of eligible fees ($8,760.60). The fee breakdown is as follows: Sewer Benefit Fee @ 50% = $8,760.60. |
Recommended Action:
Approve the Business Assistance Program Agreement between Fuste Group, 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. |