PLACEMENT: New Business
TITLE:
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CRA INVESTMENT PROGRAM APPLICATION - 3450-3498 SE DIXIE HWY, GOLDEN GATE
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EXECUTIVE SUMMARY:executive summary
The Community Redevelopment Agency (CRA) Board is to review a CRA Investment Program application for the Stuart Plaza Condominium Association, Inc. This application for the Property Improvement Program, dated October 23, 2023, includes painting two buildings, new landscaping, and new irrigation. These buildings are located in the Industrial Subdistrict at 3450-3498 SE Dixie Highway in the Golden Gate CRA.
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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.
The CRA Board is asked to review the attached application documents for the Stuart Plaza Condominium Association, Inc.
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 3450-3498 SE Dixie Highway 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:
N/A
DOCUMENT(S) REQUIRING ACTION:
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