Submitted By: Edwin R. Carreras Rivera, Esq.
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Presentation By: Edwin R. Carreras Rivera, Esq.
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Department: Growth Management
FORMAL TITLE:
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North Magnolia Community Redevelopment Area Commercial Property Improvement Grant, 1811 NE Jacksonville Rd, in an amount not to exceed $17,233
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OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub, Quality of Place
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
Program Objective: The North Magnolia Community Redevelopment Area (CRA) Commercial Property Improvement Grant supports fa?ade modernization, signage, awnings, ADA compliance, and other exterior improvements to enhance corridor vitality and attract business investment. 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: CRA26-0021
Applicant: Exit Plan Investment, LLC
Address: 1811 NE Jacksonville Rd
Parcel ID: 26141-000-00
Scope of Work: The proposed project involves the renovation and modernization of the building to accommodate a new engineering firm. The scope of work includes replacement of the front doors and windows, updating light and electrical fixtures, and fresh exterior of building painting.
High Quotes: $33,820
Low Quotes: $22,977
Recommended Grant Amount: $17,233
Property Information: This property is a commercial building constructed in 1950. It has a taxable value of $125,271, a structure size of 3,780 square feet and is situated on a 0.19-acre lot. The building layout includes office spaces, bathrooms, and an open area. On August 7, 2018, a different business owned the property. Rusty Nails of Ocala operated at this location and was awarded a Commercial Improvement Grant (CRA18-0011) in the amount of $2,250.00 for improvements that included awning installation, signage, and resealing/restriping of the parking lot.
Maximum Grant Amount: The maximum grant amount is $20,000, covering up to 75 percent of proje...
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