Submitted By: Roberto Ellis
presenter
Presentation By: Roberto Ellis
end
Department: Growth Management
FORMAL TITLE:
title
East Ocala Community Redevelopment Area Commercial Property Improvement Grant for property located at 2430 NE Second Street, in an amount not to exceed $27,777
end
OCALA'S RELEVANT STRATEGIC GOALS:
Quality of Place
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
The East Ocala CRA Commercial Property Improvement Grant encourages exterior facade improvements as a strategy to counter neighborhood deterioration and increase property values throughout the CRA. Properties located near major corridors are targeted to create a vibrant community. 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: CRA25-0027
Applicant: Caddiewhompus LLC/ Ocala Suites
Applicant Representative: Nancy Deichman
Address: 2430 NE Second Street
Parcel ID: 29204-001-00
Project Description: Reseal and restripe the parking lot, and repaint the exterior of the building.
Low Quote: $46,295
High Quote: $57,710
FINDINGS AND CONCLUSIONS:
* The property is located within the boundaries of the East Ocala Community Redevelopment subarea.
* The 40-bed hotel has operated as Ocala Suites since its construction in 2021. It recently transitioned to a Wyndham franchise, prompting required upgrades to enhance the quality of its offerings.
* The applicant is seeking a grant to improve the property's overall curb appeal. The hotel is visible from NE 25th Avenue and NE Second Street. The applicant emphasized that, given the nature of the business, exterior appearance is critical to its success.
* The building has a total ground floor area of approximately 7,423 square feet. For a building of this size, repainting represents a signifi...
Click here for full text