CC MEETING: March 2, 2021
DATE: February 9, 2021
TO: Erin Rinehart, City Manager
FROM: Ravi Shah, Director of Development Services
Marc Guy, Assistant City Manager
Title
Consider A Resolution Authorizing The City Manager To Negotiate And Execute An Economic Development Incentive Agreement With TJW And Associates, LLC., Pat Malone, Lynne M. Hosid, Terry J. Wright, And James Richard Fleming For The Renovation Of The Building Fa?ades Located At 1105, 1107, and 1109 South Broadway In An Amount Not To Exceed $213,071.00.
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BACKGROUND:
The property owners of Ten of Arts, Rainbow Grill, and the Antique Mall, through TJW & Associates, LLC., have requested a grant for the renovation of the entire east fa?ade facing the Square that includes the properties at 1105, 1107 and 1109 South Broadway in historical Downtown Carrollton.
TJW & Associates, LLC. will serve as the architect of record and manage the exterior fa?ade renovation and construction on behalf of the property owners. The total construction cost has been estimated by the architect to be approximately $215,635 for renovating the entire east fa?ade. The fa?ade design uses turn-of-the century 'main street' architecture that fits into the overall context of the Downtown Square. The design features five distinct elevations spanning the buildings and will provide for brick facades, new canopies, exterior lighting, and new store fronts for 1105 and 1107 South Broadway. The existing store front at 1109 South Broadway will remain. All owners have signed off and agreed to the design elevation.
The City Council TOD Committee agreed that the idea of rehabilitating the fa?ade is warranted and meets the Retail Re-Development and Rehabilitation Grant Program criteria for Downtown Carrollton. The TOD Committee approved the fa?ade that is being presented for Council consideration. The Committee recommended a grant not to exceed $194,071, which is approximately percent (90%) of the estimated construction cost sub...
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