Agenda

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City Council Regular Meeting

Meeting Date:

12/10/2019

BACKGROUND

The owner of the property at 816 Main, PKM Ventures LLC, has applied for a Schertz Main Street Local Flavor Economic Development Grant. This is the third application for this program the City has received since it was created in late 2018.
The owner is proposing to fully renovate the building. Work will include complete facade renovation with new brick and paint, new inside AC units, new outdoor electrical lighting, new clear garage doors and plumbing work. The total work is going to exceed $40,000 for these items which are considered site, facade and systems items.The program allows for grants of up to $20,000 for facade, $20,000 for site improvements, and $15,000 for systems. The program allows an applicant to receive grants in multiple categories, but in no case the total amount of Local Flavor Grants received in one year exceed $20,000. As such the applicant is requesting a maximum grant of $20,000.

At the last Council meeting, council requested a work session to review the grant programs - both historic and local flavor, staff is anticipating that worksession in early Janaury 2020.

GOAL

Promote and enhance commercial activity along Main Street to promote the economic, cultural, and general welfare of the public. The area around Main Street in Schertz once served as the commercial and social hub of the community. The City seeks to improve the image of the area around Main Street through the inducement of public money to promote local economic development and stimulate business and commercial activities in the City.

COMMUNITY BENEFIT

Encourage the attraction of small businesses that will create local charm and help develop a sense of place in and around Main Street. Promote commercial development. Stabilize and improve property values. Foster civic pride. Strengthen the economy of the City by protecting and enhancing the attractiveness of the Main Street area to residents and visitors, as well as provide support to local businesses.

SUMMARY OF RECOMMENDED ACTION

Staff recommends approval of Resolution 19-R-170 approving a Schertz Main Street Local Flavor Economic Development Grant for up to $20,000 for 816 Main Street subject to the applicant entering into the incentive agreement.

FISCAL IMPACT

Up to $20,000 for the grant.

RECOMMENDATION

Approval of Resolution 19-R-170.

Attachments
Grant Overview
Grant Area Map
Res 19 R 170 LFG 816 Main Street
816 Main Funding Agreement
816 Main Scope of Work