Submitted By: Edwin R. Carreras Rivera
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Presentation By: Roberto Ellis
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Department: Growth Management
FORMAL TITLE:
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East Ocala Community Redevelopment Area Residential Property Improvement Grant for property located at 1138 NE Ninth Street, in an amount not to exceed $20,000
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BACKGROUND:
Program Objective:
The East Ocala Community Redevelopment Area (CRA) Residential Property Improvement Grant is designed to incentivize reinvestment in aging structures, address blight conditions, and enhance livability and taxable value. Funding is provided through the CRA trust fund consistent with the adopted CRA Plan and Florida Statutes (Chapter 163, Part III).
Project Summary:
Grant ID: CRA26-0009
Applicant: TC Opportunity IV, LLC
Applicant Representative: Veronica Bass/Robert Jenkins Jr.
Address: 1138 NE Ninth Street
Parcel ID: 2614-016-005
Scope of Work: The proposed project involves the complete replacement and installation of the roof and windows, the installation of insulation, and repainting.
High Quote(s): $50,155
Low Quote(s): $31,986
Recommended Grant Amount: $20,000
Property Information:
This property is a single-family residence built in 1954. It has a taxable value of $142,635, a structure size of 2,306 square feet, and sits on a 0.26-acre lot. The home includes three bedrooms and two bathrooms.
Maximum Grant Amount:
The maximum grant amount is $20,000, covering up to 75 percent of project costs and 50 percent of roofing improvement costs. The attached grant framework outlines the elements of eligible work.
FINDINGS AND CONCLUSIONS:
Eligibility Review:
Staff verified the property location within the CRA, compliance with the program guide, and confirmed that work will begin after approval.
The scope addresses conditions of slum and blight in an area with a high share of aging housing stock and substandard structures, improving livability, visual quality, and economic development prosperity.
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