Agenda

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City Council Regular Meeting

Meeting Date:

09/22/2020

BACKGROUND

The owner of the property at 615 Main, which is the location of CIA =- Columbo Insurance Agency has applied for a Schertz Main Street Local
Flavor Economic Development Grant. This is the first application for this location. With this grant, the owner is proposing to construct an awning/patio cover across the front and part of the side of the building. The owner is still in the permitting process and estimates the cost of the improvement to be up to $18,000, though likely will be lower than that. This work would fall into the facade improvement grant category. Owners can receive Matching grants up to $20,000 per year for this category. The maximum amount of 50% matching grant for work up to $18,000 is $9,000. The owner is also seeking a signage grant to improve the signage. The estimate for the signage work is $3,500. Matching Signage grants are allowed for up to $2,500, the 50% match for signage work costing $3,500 would be $1,750.

Applicants can receive no more than $20,000 in a calendar year. With approval of this application the owner could receive up to $10,750 in matching grants for both projects. If the documented cost of the work is less than that, the matching grant would be reduced accordingly.

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-112 approving a Schertz Main Street Local Flavor Economic Development Grant for up to $10,750 subject to the applicant entering into the incentive agreement.

FISCAL IMPACT

Up to $10,750 for this grant.

RECOMMENDATION

Approval of Resolution 20-R-112.

Attachments
Resolution 20-R-112
615 Main LF Ageement