City Council Meeting


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  F.2.j.       
Meeting Date: 10/19/2021  
Submitted For: Matt Carlson Contact: Melba Hill, Administrative Assistant

COUNCIL ACTION
Motion by Councilmember Marks with a second by Mayor Pro Tem Byrd to approve as presented. Motion passes 7-0.
AGENDA ITEM:
Consider authorizing the DeSoto Development Corporation to negotiate and execute a Facade Grant Agreement with Above Reproach Boutique in the amount of $1,487.50 as approved by the DeSoto Development Corporation Board on September 27, 2021
BACKGROUND:
Above Reproach Boutique submitted a facade grant improvement incentive request in July 2021 for installation of a new sign corresponding with new ownership of the business. The boutique is located at 901 N. Polk Street, Suite 345 in DeSoto and is a retail sole proprietorship offering women's clothing, shoes, handbags, and jewelry. The applicant provided all required documentation to substantiate the request.

The DeSoto Development Corporation offers Facade Improvement Grants to DeSoto businesses. The intent of the program is to encourage business owners to consider improvements to the exteriors of their properties to promote a Beautiful City. Typically, grants fund up to 50% of the cost of the improvements. A business may receive assistance for one grant per building during the fiscal year (October 1 to September 30). Funding and assistance is approved and awarded at the sole discretion of the DeSoto Development Corporation Board and the City Council. Funding assistance is distributed as a reimbursement grant after the applicant submits paid receipts for the completed project and a certificate of occupancy is used for the building for its intended use. 
FINDINGS:
After review of the applicant's documentation, bids, and affirmation by the property owner, staff confirmed the request was within the DeSoto Development Corporations (DDC) Facade Grant Improvement Policy. DeSoto's Economic Development Director recommended approval of the request at the Board of Directors regular meeting on September 27, 2021, for a grant in the amount of 50% of actual costs, less City permit fees. The DDC Board unanimously approved the grant, which is now forwarded to the City Council for approval.

The total cost of the signage is $3,125.  The DDC will reimburse up to 50% of this cost minus applicable permit fees, for a maximum reimbursement amount of $1,487.50.
FINANCIAL IMPACT:
The maximum amount of the Facade Improvement Grant is $1,487.50 on a reimbursement basis with the business. This amount will be covered through the unallocated incentive funds budgeted in the DeSoto Development Corporation Fund for FY 2022.
RECOMMENDATION:
Staff recommends that the City Council authorize the DeSoto Development Corporation to negotiate and execute a Facade Grant Agreement with Above Reproach Boutique in the amount of $1,487.50 as approved by the DeSoto Development Corporation Board on September 27, 2021.
MANAGEMENT REVIEW
Attachments
Facade Agreement
Grant Application
Signage Approval Letter


    

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