Submitted By: Roberto Ellis
presenter
Presentation By: Roberto Ellis
end
Department: Growth Management
FORMAL TITLE:
title
East Ocala Community Redevelopment Area Commercial Property Improvement Grants for the property located at 605 East Silver Springs Boulevard, in an amount not to exceed $50,000 in Fiscal Year 2025-26 for CRA25-0051, and CRA25-0053 for Fiscal Year 2026-27 in an amount not to exceed $50,000
end
OCALA'S RELEVANT STRATEGIC GOALS:
Quality of Place, Economic Hub
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
The East Ocala CRA Commercial Property Improvement Grant encourages comprehensive property improvements as a strategy to counter neighborhood deterioration and increase property values throughout the CRA. The maximum amount that can be awarded for each application is $50,000, covering up to 60 percent of the project costs. The attached grant framework outlines the elements of eligible work.
Below is a summary of the application. Please refer to the attached documents for the complete application packet.
Grant ID: CRA25-0051 & CRA25-0053
Applicant: Eugene R Boone Rev Trust - Branson Boone
Address: 605 E. Silver Springs Boulevard
Parcel ID: 2820-048-005
Project Description: Building improvements will convert a vacant structure into an office building. The scope includes remodeling the existing building, constructing a 1,640 SF addition, installing all new exterior windows and doors, landscaping, completing finishes as specified in the plan, and providing new electrical, plumbing, and mechanical systems.
High Quote: $879,131
Low Quote: $783,445
Recommended Grant:
Phase One - CRA25-0051: $50,000 (Fiscal Year 2025-26)
Phase Two - CRA25-0053: $50,000 (Fiscal Year 2026-27)
Total: $100,000
FINDINGS AND CONCLUSIONS:
The property is located within the boundaries of the East Ocala Community Redevelopment Area subarea. The intent of the CRA program is to address blighted conditions. As this property has been vacant for over a year and is l...
Click here for full text