Thomas C. Chatmon, Jr.Executive Director

Downtown Development Board/ Community Redevelopment Agency

August 20, 2010

Seniors First, Inc.

• Annual agreement provides senior transportation service (Senior Tran)to residents of 11 downtown senior housing developments

• The CRA Advisory Board recommended approval from October 1, 2010 – September 30, 2011 (up to $ 46,242.00)

Donation Meters

• Meters allow citizens to donate money directly to service providers

• Provides donators with a new level of convenience and security

• Painted bright colors to differentiate from parking meters, making them easy to identify

• Meters will work in conjunction with other community programs

Meters in Laguna Beach,CA

Meters in other Cities

Montreal, Canada

Miami, Florida

Denver, CO

Donation Meters Overview

• 15 meters will be installed in CRA area including the Central Business District of Downtown Orlando

• Majority of meters will be installed near exempt zones

• Meters will be installed and maintained by DDB Clean Team

Donations & Marketing

• Collections, cash management and accounting will be handled by the City of Orlando Parking Division

• DDB and Mayor’s Office of Communications will market the program

• Donations will go to Central Florida Commission on Homelessness

Start-up Costs

• Purchase of 20 meters - $1,000• Re-Key each meter - $800• Purchase 5 pieces of pipe to set meters - $710• Purchase concrete to set pipes - $20• Purchase 20 Lexan plastic signs & brackets - $142• Purchase 20 meter wraps - $6,575• Labor costs - $403

Total Cost - $9,650 ($482.50 per unit)

QUESTIONS…

Changes to MEBA Guidelines

Over the past six months, a team of City and CRA/DDB staff members have participated in revamping the MEBA program. The process resulted in the modification of key elements.

Recommended Changes to MEBA Guidelines

1. Number of Board members reduced from nine to seven members

2. Rent subsidy period decreased from 12 months to 6 months

3. Assistance for inventory capped at 25% of the grant amount

4. Capital equipment expenses must total no less than $2,000

5. Business size is limited to no more than 20 employees

6. Franchises are eligible for funding

7. Criteria for eligibility of restaurants (51% of gross revenue from the sale of food and/or non-alcoholic drink)

Recommended Changes to MEBA Guidelines

8. Applicants must provide proof of capital or borrowing capacity (at least 10% of the requested grant amount)

9. Grantees will be required to submit Annual Status Reports and a Designed Action Plan (DAP) prior to first reimbursement of funds.

10. The grant operates as a deferred loan for 3 years with full forgiveness at the end of 3 years if grantee is in compliance with MEBA agreement.

11. Assignment of a Program Manager – Position to be assumed by the CRA/DDB Project Manager

12. Addition of a Business Consultant – Position to be awarded according to Purchasing Division procedures

Program Manager

• Coordinate eligible applicants with the Business Consultant• Manage reimbursements to client businesses per MEBA agreements and

program guidelines• Coordinate client businesses with EDO involvement for post-award

guidance• Make preliminary determination regarding eligibility• Coordinate appropriate due diligence on applicants • Manage Business Consultant’s contract & role within the program • Present Business consultant’s report and additional findings regarding

applications to the MEBA Board on each eligible application• Manage annual reporting of client businesses

Business Consultant

• Review qualified applications and conduct an objective business and financial analysis of each application

• Assist client businesses with completing a Designed Action Plan (DAP)• Assist applicants throughout application process• Provide guidance to the Program Manager regarding initial assessment• Advise Program Manager regarding desired format and information for

quarterly and annual reports from client businesses• Provide guidance to qualified applicants • Provide MEBA Board via the Program Manager with a unique report of

objective findings and analysis of each qualified application• Attend each MEBA Board meeting to discuss information needed by the

Board to decide on applications• Coordinate with the Program Manager to ensure that applications are

complete and ready for MEBA Board review

Designed Action Plan (DAP)

The DAP will contain key elements to support a successful business, including but not limited to:

• Implementation Schedule – Timeframes for build-out, setting up the storefront, staffing, stocking, and grand opening projections;

• Staffing Plan – Hiring, training, shifts, hours of operation;• Inventory Plan – Inventory projections, ordering, suppliers, storage

needs/facilities;• Financial Management Plan – Projected payroll, purchases and expenses

including inventory, equipment repair/replacement/additions, marketing, staffing/benefits; and

• Marketing Plan – Advertising strategies, event participation, donations.

Each client’s DAP will follow these general guidelines, but be prepared as a unique document, tailored to each client’s specific business model and needs.

QUESTIONS…