PLACEMENT: New Business
TITLE:
title
CRA - INVESTMENT PROGRAM GRANT AGREEMENT
end
EXECUTIVE SUMMARY:executive summary
The Board of County Commissioners and Martin County Administration have asked staff to revisit the contractual grant agreement and add some additional language that will restrict sales of improved properties for a specific time period after their Investment Program project is complete. The agreement (to be attached) will show the additional language proposed for the CRA Board's discussion and approval.
body
BACKGROUND/RELATED STRATEGIC GOAL:
The Martin County CRA Investment Program is a successful strategy for redevelopment through its Property Investment Program and Fence/Landscape Program. These initiatives focus on attracting new businesses, retaining existing ones, providing support to local enterprises, and fostering private investment. By partnering with businesses, property owners and residents, the CRA aims to enhance the unique identities of these areas and promote the overall sustainability of Martin County.
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 enterprise 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 - tenants, residents, businesses and visitors.
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with applicable
law, has identified and addressed legal risks, and has developed strategies for legal defensibility.
RECOMMENDED ACTION:
Move that the Agency...
Click here for full text