Submitted By: Charlita Whitehead
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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 Commercial Property Improvement Grant for property located at 2225 East Silver Springs Boulevard, in an amount not to exceed $50,000
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BACKGROUND:
The East Ocala CRA Commercial Property Improvement Grant encourages exterior fa?ade improvements as a strategy to counter neighborhood deterioration and increase property values throughout the CRA. The maximum amount that can be awarded 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: CRA25-0012
Applicant: NWS Retail, LLC
Address: 2219 E. Silver Springs Blvd. & 2225 E. Silver Springs Blvd.
Parcel ID: 28333-002-06
Project Description: Building improvements, including interior renovations and fa?ade improvements (stucco and paint, signage, awnings), and parking lot improvements.
Low Quote: $121,620.33
High Quote: $154,429.67
Recommended Grant: $50,000
FINDINGS AND CONCLUSIONS:
Staff reviewed and processed the application in accordance with the grant program guidelines and evaluation criteria. The key findings are outlined below:
* The property is located within the boundaries of the East Ocala Community Redevelopment subarea.
* The building, constructed in 1954, sits on 0.60 acres. NWS Retail, LLC, recently bought the property.
* The property has been vacant for several years and was partially demolished before purchase. The grant framework allows for the renovation of a vacant space for productive reuse.
* The applicant proposes interior and exterior improvements, including interior doors, flooring, stucco, and paint, and the addition of awnings to the front fa?ade. These changes significantly improve the building's street appe...
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