Agenda

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City Council Regular Meeting

Meeting Date:

07/06/2021

BACKGROUND

The owner of the property at 409 Main, which is the location of The Social on Main (formerly the location of Thirsty Joe's) has applied for a Schertz Main Street Local Flavor Economic Development Grant. This is the second application for this location. The owner contacted the City in mid-June about needing to replace an HVAC Unit. Given that the HVAC unit was failing, after applying for the grant, the applicant proceeded with the work. The Local Flavor Grant program allows applicants to apply for grants within 14 days of completing work that is a repair or a replacement. The estimated cost of the work is to be $5,800, so the applicant is applying for a grant of up to $2,900. This falls under the Systems category and is eligible for up to $15,000 in matching funds.

The owner applied for grants of up to $19,500 for work on the building in 2020. The City paid $11,000 in grants for work that was done as part of that grant. Although the applicant had additional grant funding available for this work, the funding agreement requires work to be completed within one year of the execution of the agreement. The agreement was executed on June 9, 2020 and the applicant contacted the City on June 16, 2021, thus a new grant was needed.

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 21-R-60 approving a Schertz Main Street Local Flavor Economic Development Grant for up to $2,900 subject to the applicant entering into the incentive agreement.

FISCAL IMPACT

Up to $2,900.

RECOMMENDATION

Approval of Resolution 21-R-60.

Attachments
409 Main LFG Agreement
Resolution 21-R-62