TO: Chair and Members of the Board
FROM: Kim Vazquez, Interim Executive Director
DATE: June 14, 2017
Title
A RESOLUTION OF THE MARGATE COMMUNITY REDEVELOPMENT AGENCY, APPROVING A CONSTRUCTION REIMBURSEMENT AGREEMENT IN AN AMOUNT NOT TO EXCEED $5,175 WITH STAGE DOOR THEATRE, 8036 W SAMPLE ROAD IN MARGATE, FLORIDA.
Body
BACKGROUND: The Commercial Property Fa?ade Improvement Grant Program was created to encourage property owners and tenants to enhance and update the exterior of commercial properties as a way to improve the overall appearance of the CRA District. Over the years the program has been updated and modified to meet the current needs within the CRA area. Some of the eligible improvements under the program include but are not limited to design fees, construction cost, impact storefront windows, signage, awnings, stucco work and paint.
The MCRA received a Commercial Property Fa?ade Improvement Grant application from Broward Stage Door Theatre located 8036 W Sample Road. A long time tenant at this location, Stage Door Theatre is into their 25th year of theatrical production but feel they often go unrecognized due to the lack of signage identifying their site.
The exterior improvement proposed under this application includes the manufacturing and installation of two (2) signs attached to the building. The first sign would be mounted above the front entrance facing Holiday Springs Boulevard and the second sign would be placed on the north side facing Sample Road. The estimated cost for the exterior signage and installation is $10,350.
Per the guidelines of the program, the building has more than 60 feet of frontage which allows for 50% of project costs to be reimbursed up to a maximum grant amount of $25,000. The amount eligible under this application is $5,175.
RECOMMENDATION: Approve a Construction Reimbursement Agreement with Broward Stage Door Theatre for the property located 8036 W Sample Road for a Commercial Prop...
Click here for full text