Title
Downtown Incentive Grant Application
Summary
Budgetary Impact:
Non-Capital Item:
__X__ Budgeted under account #01-627-8146
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Body
WHEREAS, during the regular Council meeting of September 16, 2013, Council approved Resolution 13-0486 approving the Facade Improvement Incentive Grant Program to provide financial assistance for exterior appearance improvement projects on buildings located in the National Register and Local Downtown Historic Districts, and
WHEREAS, the structure located at 217 North McKenzie Street is located in the Local Downtown Historic District, and
WHEREAS, Crimson Eagle Development, LLC has provided the required information and the Historical Commission has recommended approval.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves up to $7,500.00 in reimbursement to Crimson Eagle Development, LLC and/or his contractor upon meeting all the requirements in the Resolution and specifically in Section VI. Reimbursement Process.
SECTION 2: Funding for this purpose in the amount of $35,000 was approved in the FY2015/16 Budget under Economic Development account 01-627-8146.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.