Title
Additional Funding for Façade Grant Program (NB)
Explanation
On October 18, 2004, the CRA approved a Façade Grant Program for the Downtown CRA district. The original program was budget was $20,000. During the month of December staff received three applications for a total amount of $33,370. The Dowtown Redevelopment Advisory Board (DRAB) met on December 15, 2004, but did not have a quorum at that meeting. The grant applicants made presentations to the three board members in attendance and received input.
In order to support the businesses that have submitted valid applications and move these projects forward, staff has in the past approved applications when the Advisory Boards could not obtain a quorum. Staff is requesting that the CRA transfer $13,370 from unused streetscape fund to the Façade Grant Program to fund the applications. After these projects are funded, DRAB will modify the program and look for additional funding during the FY 04 Amendatory Budget
Fiscal Note
The CRA has $20,000 budgeted in the Façade Grant Account and could fund the remaining $13,350 from the Streetscape Account.
Recommendation
Executive Director to the CRA: Authorize the transfer of $13,370 from the Streetscaping account to the Façade Grant Program.