Agenda

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10.

City Council Regular Meeting

Meeting Date:

03/28/2023

BACKGROUND

The Owner of the building at 507 Main, the Randolph Masonic Lodge #1286is received approval for a Schertz Main Street Local Flavor Grant to redo the roof of their building in the amount of $7,500 on December 13, 2022. This is the building on the northeast corner of Main Street and Lindbergh Avenue. Since that approval the contractor has found a few other items that need to be taken care of and the cost has risen to $21,175. They also need to make repairs to a leak in AC system which is estimated to cost approximately $3,600. Staff is recommending the grant be amended to be for up to $12,800.

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 matching grants that promote local economic development and stimulate business and commercial activities.

COMMUNITY BENEFIT

Encourage the attraction of small businesses that will create local charm and help develop a sense of place 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 of local businesses.

SUMMARY OF RECOMMENDED ACTION

Staff recommends approval of Resolution 23-R-32, approving an amended Schertz Main Street Local Flavor Economic Development Grant for up to $12,800 for 507 Main Street.

FISCAL IMPACT

The maximum fiscal impact of approval of this grant is $12,800. The City budgets $50,000 annually for the Main Street Grant programs. The current outstanding liabilities for the Main Street Grant programs total $74,510.97 but this includes the initial $7,500 grant for this property. Approval of this amendment would bring the total outstanding liabilities to $79,810.97. While this is above the $49,128.47 of funding left, the City has traditionally either tapped into Contingency Funds or submitted a budget adjustment to Council for approval. One aspect of this program is that the property owner has a year to complete the work (or seek re-approval), so grants can extend past a fiscal year.

RECOMMENDATION

Approval of Resolution 23-R-32.

Attachments
507 Main LF Agreement
Res 23-R-32