Submitted By: Roberto Ellis
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Presentation By: Roberto Ellis
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Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
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Approve a West Ocala CRA New Construction Incentive grant (CRA24-45748) to Guinn III Properties, LLC for the construction of a tire retreading facility (Advanced Tire Service) at 2199 NW 10th Street in an amount not to exceed $235,165
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OCALA'S RELEVANT STRATEGIC GOALS:
Quality of Place, Economic Hub
PROOF OF PUBLICATION:
N/A
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BACKGROUND: One of the statutory functions of a Community Redevelopment Agency (CRA) is to undertake activities facilitating redevelopment and improvement of properties. Incentive programs encouraging private investment into properties have proven successful in carrying out this redevelopment function. The New Construction Incentive Program (Program) is intended to support projects within the CRA subareas with the potential for catalytic impact. This program encourages new construction and major redevelopment, applying to the various facets of development.
The Applicant, Guinn III Properties, LLC, intends to expand its business (Advanced Tire Services) by constructing a new manufacturing facility for retreading commercial tires. The property is at 2199 NW 10th Street (Parcel ID: 22258-000-00) in the West Ocala CRA subarea. The Grant Review Committee (GRC) conducted a site visit on July 8, 2024, and the GRC recommended proceeding with the grant application.
The program guidelines require that the proposed project receive a minimum score of 80 points to be eligible for a grant. The scoring criteria evaluates the project's fiscal impact, feasibility and experience, catalytic benefit, and community goals. The West Ocala CRA Advisory Committee reviewed the project on July 18, 2024, and it received an average score of 91 points. A breakdown of the scoring is provided in the attached document.
FINDINGS AND CONCLUSIONS: Key details of the project are summarized below:
* Ad...
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