Submitted By: Charlita Whitehead
presenter
Presentation By: Jeff Shrum
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Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
title
Approve a North Magnolia CRA Residential Improvement Grant for property located at 130 NW 17th St. in an amount not to exceed $17,691
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OCALA’S RELEVANT STRATEGIC GOALS:
Economic Hub, Quality of Place
PROOF OF PUBLICATION:
N/A
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BACKGROUND: The intent of the Community Redevelopment Agency (CRA) North Magnolia Residential Improvement Grant program is to encourage owners of residential property to make improvements that will benefit the neighborhoods in the subarea. The North Magnolia Redevelopment Plan identifies the rehabilitation and improvement of housing as one of the primary objectives of the CRA. The attached grant framework outlines eligible work elements.
FINDINGS AND CONCLUSIONS:
The North Magnolia CRA Grant Review Committee met on July 19, 2024, and recommended approval of the grant. The project details are included in the table below. The North Magnolia CRA Advisory Committee met on July 25, 2024, and recommended approval of the grant request. The scope of the work includes reroofing, fencing, insulation, and HVAC installation.
The completed application, cost estimates, and photographs of existing conditions are included in the attached packet. Staff recommends approval.
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Grant Project # |
CRA24-45764 |
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Address |
130 NW 17th St. |
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Owner/Applicant |
Kimberly Jack Homes LLC/Jack Eason |
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Project Description |
Reroofing, fencing, attic insulation, and HVAC installation with associated electrical work. |
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Grant Request |
$17,690.21 |
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Applicant Match |
$5,896.74 |
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Total - Eligible Costs |
$23,586.95 |
FISCAL IMPACT: There is adequate funding for the grant being considered. There is a balance of $76,677.58 in the North Magnolia CRA grant account - 622-016-553-559-55-82010. This project is scheduled for completion during Fiscal Year 2024-25.
PROCUREMENT REVIEW: N/A
LEGAL REVIEW: N/A
ALTERNATIVE:
• Approve with changes
• Table
• Deny