CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Economic Development
For Meeting of:
November 12, 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 Farish Enterprises, LLC and the City of Orlando - 211 East Michigan Street

Summary:

Farish Enterprises, LLC (Farish) has applied for assistance through the City of Orlando Small Business Facade, Site Improvement and Adaptive Reuse Program for multi-tenant building it owns at 211 East Michigan Street.  The proposed improvements include painting, new metal awnings, parking lot seal and striping, new storefront doors and windows and exterior stonework.

 

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 Farish Enterprises, LLC under the SBFP are $52,180.

The Small Business Facade Review Committee recommended approval of funding for the maximum award of $40,000.  The Small Business Facade Review Committee Meeting was held October 24, 2018.

Fiscal & Efficiency Data: Fiscal Impact Statement attached.

Recommended Action:

Approval of the Small Business Facade Review Committee Recommendation and Funding Agreement between Farish Enterprises, 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, 407-246-2721, kim.king@cityoforlando.net
Approved By:

Department Date and Time
Budget Outside Routing Approval 11/1/2018 9:20 AM
City Clerk 11/1/2018 9:37 AM

ATTACHMENTS:
Name: Description: Type:
Farish_FIS.docx Fiscal Impact Statement Fiscal Impact Statement
FSARP_Agreement_-_Farish_Enterprises%2c_LLC.docx Program Agreement Contract Docs
Farish_Application.pdf Program Application Backup Material
Farish_Estimate.pdf Project Estimates Backup Material
Farish_Concept.pdf Project Concept Backup Material
10-24-18_meeting_(DRAFT).docx DRAFT Meeting Minutes Backup Material

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