Agenda

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City Council Regular Meeting

Meeting Date:

02/11/2020

BACKGROUND

The owner of the property at 405 Main and the tenant with the owner at 816 Main are applying for Local Flavor Grants. There are different owners of both properties, but staff is seeking approval through one resolution. The work proposed at 405 Main is for plumbing and electrical modifications that is required per the building code and was discovered after an application for a new CO associated with a tenant finish out permit was received. 405 is the location of the UHaul Rental and Laundrymat. A new beauty salon is proposed for the vacant space. The cost of the work at this time is estimated to be $1,500. The owner anticipated applying in a few months for another grant for more electrical/plumbing work.

The tenant in conjunction with the owner of 816 Main is applying for a grant for a variety of work in order to open a real estate office and coffee shop. The eligible work will potentially be across all 4 categories of grant but the total capped for this calendar year is $20,000.

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 20-R-21 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 and 405 Main for up to $750.

FISCAL IMPACT

Up to $20,750 for both grants.

RECOMMENDATION

Approval of resolution 20-R-21

Attachments
Res 20 R 21
Template Funding Agreement