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HomeMy WebLinkAboutResolution No. R19-02RESOLUTION NO. R19-02 A RESOLUTION OF THE CITY COUNCIL AUTHORIZING THE RELEASE OF FUNDS FROM THE TAX INCREMENT FINANCING DISTRICT FUND FOR FACADE IMPROVEMENTS AND SIGNAGE FOR THE PROPERTY LOCATED AT 117 WEST MAIN STREET, LAUREL MONTANA. WHEREAS, the City Council previously approved a Facade Grant Request Program proposed by the Laurel Urban Renewal Agency (LURA); and WHEREAS, the owner of the property listed herein submitted a Grant Request for facade improvements for his property and such property is located within the Tax Increment Financing District: Owner: Ron Seder: 117 West Main Street; and WHEREAS, the LURA Board reviewed the application and recommends approval for the above Property in the amounts provided in the attached letter; and WHEREAS, the application was complete, the project is eligible for grant assistance and LURA recommends funding of the same as provided in the attached letter. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Laurel, Montana, that the grant request for faqade improvements and signage is approved for the following: Owner: Ron Seder: 117 West Main Street Facade: $7500.00 and Sign: $500.00 BE IT FURTHER RESOLVED, the Mayor, CAO, and City Clerk Treasurer are authorized to utilize the appropriately designated accounts to pay the grants upon submission of the required documentation from the Property Owner. Introduced at a regular meeting of the City Council on February 5, 2019, by Council Member Wilke. PASSED and APPROVED by the City Council of the City of Laurel this 5"' day of February 2019. APPROVED by the Mayor this 5"' day of February 2019. C F LAUREL Thomas C. Nelson, Mayor &I lerk-Treasurer Approved Sam S. PaiiyW,-Civil City Attorney R19-02 LURA Fagade Improvement Grant at 117 West Main Street CITY HALL 115 W. IST ST. City Of Laurel PUB. WORKS: 628-4796 WATER OFC.: 628-7431 COURT: 628-1964 P.O. Box 10 FAX 628-2241 Laurel, Montana 59044 January 25, 2019 Matt Lurker and Mayor Nelson, Re; King Koin Laundry Fagade and Sign Grant for Ron Ceder Office of the Director of Public Works King Koin Laundry is being recommended to be awarded two grants from the TIFD funds and the LURA Board. As per Resolution R10-116, Ron Ceder is eligible to receive a Facade Grant for $6,000.00 due to his lot frontage distance. Ron is also eligible for and additional $1,500.00 for having his building in the historic district and a historic property. The total amount Ron is eligible to receive for a Fagade Grant is $7,500.00. Ron has spent more than double that amount he qualifies for and the Fagade Grant requires a 1/1 match. Ron would have to have spent $15,000.00 and he has done so by the receipts he has turned in with his grant application. Ron also applied for a Sign Grant and has spent $1,000.00 getting the King Koin sign electrically rewired so that it can illuminated at night. The sign grants are awarded up to $3,000.00 and LURA is recommending that Ron receive $500.00 which is half of his expenses. Ron Ceder has not received a grant for this property from the TIFD. Ron will not be eligible for two years for any future Fagade Grant from the time of the City Council award. Res e tfully, �f,f Kurt Marke d Public Works Director Laurel Urban Renewal Agency � 115 W. 1�`Street Laurel, Montana 59044 To: Laurel City Council From: Laurel Urban Renewal Agency King KoinLaundromat January 18, 2019 Ron Seder has applied for afaoodeimprovement grant for renovations tohis building at117West Main Street, also known as King Koin Laundromat. Mr. Seder has provided evidence of payment for replacement of glass and doors on the exterior of the building aswell asanew sign. LURA recommends reimbursement inthe amount of$7,500.00 for fa�de and $500.00 for his sign. A copy of the application and evidence of payment is attached to this letter. Committee Chairman