Title
Update on Redevelopment Projects and Development Agreements (NB)
Explanation
Staff has been asked to provide an update on several redevelopment projects and development agreements under review.
University Corners - The draft development agreement has been provided to the developer and staff is awaiting response.
Hampton Inn/Lot 9 - The development agreement was provided to the developer and staff is awaiting comments from the developer.
Jefferson on Second - The developer is preparing an initial proposed development agreement based on previous agreements, for review by the CRA Attorney and Staff.
Gainesville Greens - A draft development agreement has been provided to the developer, and the developer provided comments. Staff and the developer are nearing resolution of remaining items and the Executive Director will likely execute the agreement this month.
University House on 13th Street - A draft development agreement is in review by staff.
Depot Park Area Master Plan - Staff is revising the scope and reissuing the RFP with price as a factor and with a not to exceed limit, as the initial proposals came in higher than budgeted.
Downtown Competitive Façade Grant Program - Following approval by the CRA in June, a new, competitive façade grant program to aid Downtown commercial storefronts was launched. The new program aims to focus the grants on high visibility corridors such as University Avenue and Main Street. Two grants of up to $10,000 each will be offered to applicants. Applications were due in July, and the CRA received four applications. The Downtown Redevelopment Advisory Board will select two projects for funding in August. Successful grant applicants will be recognized at a public meeting of the City Commission upon successful completion of their projects.
Downtown Parking Garage - The Grapevine Deli and Ice cream Parlor, new tenants of the retail space in the garage, are tentatively scheduled t...
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