Title
CRA Project Summary October (NB)
Explanation
As a regular informational item on CRA agendas, Staff provides a brief update on selected referrals, redevelopment projects and development agreements under review. This monthly update is typically a limited sampling of the CRA’s many on-going projects, as opposed to a complete list.
CRA Wide
Façade Grant, Project Manager, Michael Beard - The Façade Grant program is a competitive matching grant program that is designed to encourage reinvestment in building facades, specifically those located on highly visible target corridors within each district. Staff continues to meet with potential applicants in each district. Recent marketing and engagement efforts have yielded an influx of potential program participants in nearly every CRA District. Staff is eagerly anticipating the approval of two façade grants presented to the ERAB Board on October 11, 2016.
Eastside Redevelopment Advisory Board (ERAB)
Heartwood, Project Manager, Michael Beard- On Agenda
Cotton Club Grant Management, Project Manager, Stephanie Seawright - The Cotton Club continues to move forward with the construction of the facilities. Staff continues to provide guidance and oversight through grant management of the project.
Cornerstone Phase 1 Development-- At the June 16th City Commission meeting staff presented an overview of a proposed public-private partnership for a first phase expansion at the Cornerstone site; and outlined potential terms, timeline and scope for development. The CRA Board approved the overall framework for site work required for the deal including 90% of the infrastructure needed for the entire master plan at the July CRA meeting. The City Commission approved a Land Lease with an Option to Purchase for buildings C and D. That lease was presented to the developer and Staff is currently negotiating terms. The completion of the developer agreement is expected in the coming weeks.
During an upc...
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