TO: Margate CRA Chair and Members of the Board
FROM: Cale Curtis, CRA Executive Director
DATE: November 10, 2021
Title
HURRICANE PROTECTION AT THE MCRA OWNED SHOPPING PLAZAS
BACKGROUND: Under Public Discussion at the MCRA meeting on September 9, 2021, a tenant of the Ace Plaza addressed the Board about the need for hurricane protection for the storefronts. As a follow-up to that discussion, property manager Jim Nardi, obtained estimates for two options for hurricane protection:
1. Upgrading to impact storefronts and rear door replacements
2. Installing manual accordion shutter system and rear door replacements
RECOMMENDATION: For Board discussion and direction
FISCAL IMPACT: OPTION 1: Impact storefronts & rear door replacements: Chevy Chase = $455,000; Ace Plaza = $633,000 (Total $1,088,000)
OPTION 2: Manual accordion shutter system and rear door replacements: Chevy Chase = $188,000; Ace Plaza = $218,000 (Total $406,000)
CONTACT PERSON: Cale Curtis, CRA Executive Director