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HomeMy WebLinkAbout03-150 RESOLUTION 03-150 FOR DOWNTOWN REDEVELOPMENT uso MOTION BY: PETERSEN SECOND BY: BLOMBERG WHEREAS: On June 17~, 2002, the City Council adopted resolution 02-99 establishing a matching grant program to encourage Downtown building fa(~ade improvements and providing funds for the program, and WHEREAS: The City Council has determined there is a need for a program of incentives to encourage businesses in the Downtown area of the City to renovate building facades, and WHEREAS: The City Council has determined such a program is in the public interest and serves a public purpose by encouraging the revitalization of the Down town commercial area, and WHEREAS: The City Council has adopted design guidelines for Downtown development in the City's zoning ordinance, and WHEREAS: Projects to be funded with the grant funds must be consistent with the design guidelines, and WHEREAS: Little Lakers Uontessod School has applied for a grant not to exceed $33,000 and Speiker and Company, Ltd. has applied for a grant not to exceed $25,000 and have submitted plans to the City for their respective improvements, and WHEREAS: The City has reviewed the plans for the respective improvements and has found them to be in compliance with the design guidelines in the City's zoning ordinance and consistent with, and supportive of the appropriate sections of the City's 2020 Vision and Strategic Plan, and WHEREAS: There are adequate funds available to fund both applications. THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PRIOR LAKE, MINNESOTA, 1. The recitals set forth above are incorporated herein. 2. The grant amounts of up to $33,000 for Little Lakers Uontessori School and up to $25,000 for Speiker and Company, Ltd. are hereby approved. 3. The grant amounts are to be paid in an amount up to 50% of demonstrated costs related directly to fa(~ade construction, in any case, the amounts paid to the respective applicants shall not exceed the amounts listed in 2. above. The City shall reimburse the applicants for actual costs incurred by each as demonstrated by paid invoices, cancelled checks, lien wavers or such other evidence of payment of eligible costs as the City in its sole discretion may require. Passed and adopted this 2nd day of September, 2003. YES NO HAUGEN X HAUGEN BLOMBERG X BLOMBERG LEMAIR X LEMAIR PETERSEN X PETERSEN Ii_ ~'J i~._/ ZIESKA X ; ZIESKA {Seal} Frank Boyles, City Manager l~)~T~e~[~S~.0,3~6~t-~0a~,c Minnesota 55372-1714 / Ph. (952)447-4230 / Fax (952)447-4245 AN EQUAL OPPORTUNITY EMPLOYER