newtown storefront grant program update 1 sarasota city commission june 1, 2009 information as of...
TRANSCRIPT
information as of May 28, 2009 1
Newtown Storefront Grant Program Update
Sarasota City CommissionJune 1, 2009
information as of May 28, 2009 2
Presentation Content
Newtown Storefront Grant OverviewFunding/ExpendituresProgram Participation Projects
CompletedIn processPending Future projects
information as of May 28, 2009 3
NRO Storefront Program Overview
Commercial properties in the Newtown Redevelopment Plan Area (North to Myrtle Street, East to Leonard Reid (city limits), South to 17th Street and West to US 41 (Tamiami Trail) Grant funding up to $50,000 - 10% applicant match
Dr. Martin Luther King Jr. Way Business Corridor (US 301 and Osprey Avenue) Commercial and Not-For-Profit properties. Grant funding up to $99,000, with not-for-profit businesses receiving
up to $50,000. 10% applicant matching up to $50,000, with 5% matching up to $99,000
information as of May 28, 2009 4
NRO Storefront Program OverviewExterior renovations and correct code violations
(architectural features, awnings, painting, siding, stucco window and door replacement and etc.)
Caribbean or tropical style –urban design strategies promotes architectural continuity and reviewed by StoreFront Design Review Committee
Processing of all applications are handled by the Newtown Redevelopment Office and the Office of Housing and Community Development (OHCD)
information as of May 28, 2009 5
NRO Storefront Program OverviewThe NRO StoreFront Grant Program is diligently encouraging the
use of local sub-contractors and laborers. Jack Meredith, Design Aesthetics, MBE Certified, has been the
lead architect on 13 of the 15 projects.
information as of May 28, 2009
Newtown Storefront Program Funding/Expenditures/Pending
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Funding: CDBG $250,000 (2008) CDBG $200,000 (2009) CDBG -R $136,535 (2009)Total $586,535
Completed projects: 3 Projects $120,369 (including 10% match
funds)
Pending: 9 Projects $517,034 (including matching funds)
3 Projects In discussions
information as of May 28, 2009
Newtown Storefront Program Program Participation
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MLK CORRIDOR
Total Sites 15 (11 Participating )
Total Businesses 13 (2 Non-Participating)
Total Churches 2 (Non-Qualifying)
OUTSIDE OF MLK CORRIDORParticipation 4
information as of May 28, 2009 8
Newtown Storefront Program Project Map
information as of May 28, 2009 9
Urban Auto Sales, Inc. 3000 N. Washington Blvd. •Completed March 2009
Grant $50,000 Applicant Match $5,891 Project Cost $55,891
information as of May 28, 2009 10
Moore’s Grocery 1993 Dr. Martin Luther King Jr. Way
•Completed April 2009
Grant $46,285 Applicant Match $ 5,143Project Cost $51,428
Additional investment made by applicant: Total(approx.) $45,000 New roof ,interior lights, sales counter, new shelving
Future investments:Resurfacing parking lot, exterior lighting
information as of May 28, 2009 11
Greater Newtown Community Redevelopment Corp. 1751 Dr. Martin Luther King Jr. Way
•Completed May 2009
Grant $ 11,745Applicant Match $ 1,305Project Cost $13,050
information as of May 28, 2009 12
In Progress: King’s Meat & Deli & Phat Headz1810/1818 1993 Dr. Martin Luther King Jr. Way
Est. $52,085 June 2009
Est. $54,948 June 2009
information as of May 28, 2009 13
FUTURE: Town Hall Restaurant & Lounge1970 Dr. Martin Luther King Jr. Way
Est.$ 99,000 June 2009
information as of May 28, 2009 14
FUTURE : Dollar Dynasty1922 Dr. Martin Luther King Jr. Way
Est. $30,000 July 2009
information as of May 28, 2009 15
FUTURE : Newtown Social Club1958 Dr. Martin Luther King Jr. Way
Est.$ 70,000 June 2009
information as of May 28, 2009 16
QUESTIONS & COMMENTS
Thank You