CC MEETING: August 4, 2015
DATE: July 29, 2015
TO: Leonard Martin, City Manager
FROM: Peter J. Braster, Senior Development Manager
Title
Consider A Resolution Authorizing The City Manager To Enter Into A Redevelopment Incentive Agreement With The Owner Of 1017 South Broadway.
Body
BACKGROUND:
In June of 2007, City Council adopted the Retail Re-Development and Rehabilitation Grant Program ("Grant Program") to provide financial incentives to existing retail shopping centers and other retail facilities for enhancements and/or redevelopment. In 2013 the City Council amended the program to include Historic Downtown Carrollton. The program is attraction/ retention-based with the goal of attracting new business to Downtown Carrollton.
City staff has been working with the owners of Cuban Dulceria International Bakery (2662 North Josey Lane) to open a second location. The bakery owners have identified David Oldfield's building at 1017 South Broadway as a desired site. Redevelopment of the building into a bakery meets the goals of the Grant Program, based upon the criteria established by City Council. Mr. Oldfield has requested a grant from the City under the terms of the Program. The requested grant would provide the funds for a new sign. In accordance with the Program, the grant would be reimbursement-based.
The property is located in the (TC) Transit Center Urban Core Zoning Sub-District. As with any zoning district in Carrollton, the owner is required to provide sufficient parking spaces for any intended use. However, the Transit Center Zoning allows for either curb-side parking to be counted as part of the parking requirements and/or payment of a fee-in-lieu of parking to the City for any remaining unmet on-site parking requirements. It is expected that the property will be short approximately 2 curb-side parking spaces. The grant will allow the owner to comply with the City's parking requirements without having to pay the fee-in-l...
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