Title
Business Improvement Grant Program Historic Masonic Lodge LLC Application (B)
Explanation
The Business Improvement Grant Program was approved by the City Commission on November 5, 2020 through Legistar item #200275. Per the program guidelines any application of over $100,000 must be approved by the City Commission.
Historic Masonic Gainesville, LLC. is located at 215 North Main Street, Gainesville, Florida 32601. The building is listed on the National Register of Historic places by the National Parks Service as of May 29, 1998. The Historic Masonic Gainesville, LLC’s application was reviewed by GCRA Staff and the application was complete as of June 9, 2021. They are applying under the program for Tier 4 funding of up to $150,000 of matching funds as the following condition is met: Building is listed on the National Register of Historic Places or listed on the City of Gainesville’s Historic Local Register Listing.
The Historic Masonic Gainesville, LLC will be contracting with ten contractors to perform the work on this property. Per the program guidelines, Applicants are required to obtain two competitive quotes for each type of work to be performed. The Applicant met or exceeded this requirement.
Strategic Initiative: Goal 3: A Great Place to Live & Experience and Goal 4: Resilient Local Economy
Fiscal Note
Business Improvement Grant program has an FY21 remaining balance of $187,793.91 in the GCRA (Fund 620 Unit W023) after taking into account in process approved agreements. The maximum to be reimbursed under this grant would be $122,679.42 leaving $65,114.49 in funds remaining in this account through the end of the fiscal year.
Recommendation
City Commission to approve the Historic Masonic Gainesville LLC’s Business Improvement Grant application as described and authorize the City Manager to execute the grant agreement.