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File #: 49831    Version: 1 Name: Facade Improvement Grants - Parametric Property Group LLC & Fontana Sports
Type: Resolution Status: Passed
File created: 12/11/2017 In control: FINANCE COMMITTEE
On agenda: 1/16/2018 Final action: 1/16/2018
Enactment date: 1/22/2018 Enactment #: RES-18-00073
Title: Approving Facade Improvement Grants to Parametric Property Group, LLC for a project located at 2433 University Ave. and Fontana Sports for a project located at 216 N. Henry Street.
Sponsors: Shiva Bidar, Michael E. Verveer
Fiscal Note
The proposed resolution approves two Facade Improvement Grants totaling $27,282. Grant recipients are Parametric Property Group, LLC, 2433 University Ave. ($20,000) and Fontana Sports, 216 N. Henry Street ($7,282). These grants will be awarded from remaining appropriation included in the 2017 budget ($125,000) for the Facade Improvement Grant Program as part of the Capital Revolving Fund. The Facade Improvement Grant Program has awarded $112,258 to date and disbursement of $27,282 for the proposed grants will leave a balance of $12,742.

Title
Approving Facade Improvement Grants to Parametric Property Group, LLC for a project located at 2433 University Ave. and Fontana Sports for a project located at 216 N. Henry Street.
Body
On October 3, 2000, the Common Council adopted Resolution ID # 61179, approving the Facade Improvement Grant Program to support and encourage small local businesses to reinvest in the downtown and smaller, neighborhood shopping and business areas and designating the Community Development Authority as the agent of the City for the operation and administration of the Program. The grants are matching grants and will be provided in an amount up to 50% of the total project costs up to a maximum of $10,000 for a single facade, $20,000 for a building with two facades, and $25,000 for a “flatiron” building. The objective of the Program is to restore, beautify, or enhance the entire facade or elevation of a commercial building. The Facade Improvement Grant Program Staff Team has reviewed the following Façade Improvement proposals and determined that it meets the requirements of the Program. The Urban Design Commission has reviewed the proposals and recommends design approval.

NOW, THEREFORE, BE IT RESOLVED that the Common Council does hereby approve the following Facade Improvement Grant proposals:

1. Grantee: Parametric Property Group, LLC, 2433 University Ave.

The scope of the exterior work will include:

a. Restoration of th...

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