Agenda

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City Council Regular Meeting

Meeting Date:

03/10/2020

BACKGROUND

The owner of the property at 403 Main Street along with a tenant of that property, 405 Main Street are applying for Local Flavor Grants. While the tenant spaces have different addresses it is considered one property. The grant for 403 Main is for additional electrical work, the cost of which is estimated to total $13,954 - thus the grant match would be for up to $6,977. 403 Main is the Highlander Center which houses the Coin Laundry and Uhaul Rentals. The grant for the tenant at 405 Main is for signage, the cost of which is estimated total $748.94 withe the grant match for up to 374.47. This tenant has recently moved a beauty salon in the space. The City Council already approved a Local Flavor Main Street Grant on February 11, 2020 for electrical work the total cost of which was estimated to be $1,500 with the grant match for up to $750. The total Local Main Street Grant allowed in a year is no more than $20,000. The total of all 3 of these grant is $8,101.47.

The owner of the property at 619 Main Street is applying for a Main Street Local Favor Grant. He plans to convert the structure to a business and is applying for the full $20,000 for a variety of eligible improvements if he makes at least $40,000 in improvements.

Lastly, the owner of the Bar House at 533 Main is applying for a Main Street Local Flavor Grant for up to $20,000 to continue to make improvements to the property. He has applied for and received grants previously, but is has not this year and so is eligible to apply. As with many property owners he is phasing the improvements. He is eligible for the $20,000 if he spends up to $40,000.

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-26 approving Schertz Main Street Local Flavor Economic Development Grants for up to $6,977 for 403 Main, $374.47 for 405 Main, $20,000 for 619 Main and $20,000 for 533 Main.

FISCAL IMPACT

Up to $47,351,47 for all of the grants.

RECOMMENDATION

Approval of Resolution 20-R-26.

Attachments
Res 20 R 26
Funding Agreement