PLACEMENT: New Business
TITLE:
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CRA INVESTMENT PROGRAM APPLICATION - 9014 SE BRIDGE ROAD
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EXECUTIVE SUMMARY:executive summary
The Community Redevelopment Agency (“CRA”) Board is to review a CRA Investment Program
application for Hobe Sound property owner, Michael Keeler. The application for the Property
Improvement Program includes a new set of front doors, 2 new garage doors, and six (6) flowerpots with plants. The property is located at 9014 SE Bridge Road in the Hobe Sound CRA, Core Subdistrict.
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BACKGROUND/RELATED STRATEGIC GOAL:
By implementing the CRA Investment Program, the CRA has introduced an additional strategy to continue its successful redevelopment journey. The attraction of new businesses, retention of longstanding businesses, assistance to struggling businesses, and strong encouragement of private investment are all important and vital components of a robust, comprehensive redevelopment approach.
Buildings that occupy the public realm, if dilapidated and unattractive, contribute to slum and blight, keep away patrons, discourage business, often are not code compliant, can be unsafe and do not fully contribute to the tax rolls. Improving the public realm is exactly what the CRA is intended to do and encouraging private enterprises to be a partner in the process is not only smart business, but it greatly increases the chances for long-term successful change. Positive changes made to properties in the public realm are an excellent investment because they benefit and strengthen the entire community residents, businesses, and visitors.
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with applicable law, and legal staff has identified and addressed legal risks and developed strategies for legal defensibility, as applicable.
RECOMMENDED ACTION:
The CRA Board is asked (i) to review and approve the Property Improvement application for at 9014 SE Bridge Road in the Hobe Sound CRA, Core Subdistrict and (ii) to authorize the reimbursement of project costs once the work is finalized and inspected, in compliance with the CRA Investment Program documents.
FISCAL IMPACT:
80% of total project costs with a maximum amount of $20,000 to be expended from the Hobe Sound
CRA Capital Improvement Plan.
DOCUMENT(S) REQUIRING ACTION:
N/A
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