CRA24-45747 - 3637 W. Silver Springs Blvd. Application Packet
i.
Attachments:
Mr. Ellis reviewed grant application CRA24-45747, located at 3637 W. Silver Springs
Boulevard. The applicant is proposing to develop a 4,443 sq ft quick service restaurant,
Culver's franchise. The estimated project cost is $2,878,138, and the estimated
completion date is June 2025. The current CRA tax revenue is $2,683, and future
estimated CRA tax revenue is $18,284. Mr. Ellis provided a brief overview of the
community impact and the access points.
Agent Heather Gleason from Kimley-Horn, 1700 SE 17th St., Unit 200, Ocala, FL
34471, spoke about community impacts.. She confirmed that the proposed development
project will create 80 new career opportunities.
Motion to approve CRA24-45747 funding option 1 for the amount of $172,688 with a
6% match and a 9 year payback period.
RESULT:
APPROVED
MOVER:
Elgin Carelock
SECONDER: Ruth Etta Reed
AYE:
Adams, Chairman Brooks, Carelock, Vice Chairman Reed, Thomas,
Hunt, and Fritz
ABSENT:
Landers
CRA24-45748 - 2199 NW 10th St. Application Packet
j.
Attachments:
Mr. Ellis reviewed grant application CRA24-45748, located at 2199 NW 10th Street
Boulevard. The applicant is proposing to add 25,000 sq ft to the current manufacturing
facility. The estimated project cost is $2,939,557. The current CRA tax revenue is
$4,607, and future estimated CRA tax revenue is $18,678. Mr. Ellis provided a brief
overview of the community impact.
Jeff Guinn, property owner, spoke on the business operations in the community and
added the facility helps cut down landfill waste by recycling tires.
Motion to approve CRA24-45748 funding option 2 for the amount of $235,165 with an
8% match and a 13 year payback period.
RESULT:
MOVER:
APPROVED
Barbara Brooks
SECONDER: Ruth Etta Reed
AYE:
Adams, Chairman Brooks, Carelock, Vice Chairman Reed, Thomas,
Hunt, and Fritz
ABSENT:
Landers
5.
Project Updates
Mr. Ellis provided a brief update on the following projects: Heritage Hills; Reed Place; and the