CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Economic Development 		For Meeting of:
May 29, 2018
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Small Business Facade, Site Improvement and Adaptive Reuse Program Agreement between Rockpit Brewing, LLC and the City of Orlando - 10 West Illiana Street
Summary:

Rockpit Brewing, LLC (Rockpit) has applied for assistance through the City of Orlando Small Business Façade, Site Improvement and Adaptive Reuse Program for new exterior doors, building stucco and landscaping, as well as upgraded electrical, plumbing, mechanical and life safety systems related to change of use, for its new business locating is to 10 West Illiana Street.  Total capital investment for this project (interior and exterior work) is approximately $180,000. 

 

The FSARP is an interest free deferred loan for façade, site, life safety and mechanical, electrical and plumbing improvements, related to changes of use, available 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 and site improvements as well as life safety and mechanical, electrical and/or plumbing improvements related to changes of use. 

The FSARP offers matching loan funds to off-set the costs of design and façade/ site improvement expenses such as painting, wall repair or cleaning; window repair or replacement; awnings; new or replacement signage; lighting; door repair or replacement; parking lot upgrades; fencing; and life safety and mechanical, electrical and/or plumbing improvements, related to changes of use, such as fire walls, sprinklers and alarms. Under the program, the City will loan 50% to 80% of the total project cost. Total loan assistance from the City shall not exceed $20,000 for façade and site improvements, $40,000 for mechanical, electrical or plumbing improvements only for changes of use or $50,000 for a combination of façade, site and life safety/and or MEP improvements related to changes of use.

Total eligible project costs for Rockpit Brewing, LLC under the FSARP are $121,439.

The Small Business Facade Review Committee recommended approval of maximum funding in the amount of $50,000.  The Small Business Facade Review Committee Meeting was held May 2, 2018.
Fiscal & Efficiency Data: Fiscal Impact Statement attached.
Recommended Action:
Approval of the Small Business Facade Review Committee Recommendation and Funding Agreement between Rockpit Brewing, 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 5/16/2018 4:15 PM
City Clerk 5/17/2018 1:23 PM
ATTACHMENTS:
Name: Description: Type:
Rockpit_FIS.docx Fiscal Impact statement Fiscal Impact Statement
FSARP_Agreement_-_Rockpit_Brewing%2c_LLC.pdf Program Agreement Contract Docs
Exhibit_(Rockpit_Brewing_Legal).pdf Exhibit Exhibit
Rockpit_Application.pdf Program Application Backup Material
Rockpit_Brewing_Estimates.pdf Project Estimates Backup Material
Rockpit_Brewing_Concept..pdf Project Concept Backup Material
5-2-18_meeting_(draft).pdf DRAFT Meeting Minutes Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."