Item Coversheet

1.

CITY OF STUART, FLORIDA
AGENDA ITEM REQUEST
Community Redevelopment Agency

Meeting Date:11/25/2019 

Prepared by:Pinal Gandhi-Savdas

Title of Item:

MURAL MATCHING GRANT AGREEMENT BETWEEN THE CRA AND THE GILT COMPLEX (RC):

 

RESOLUTION No. 12-2019 CRA; A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF STUART, FLORIDA, AUTHORIZING THE BOARD CHAIR TO EXECUTE AN AGREEMENT BETWEEN THE STUART COMMUNITY REDEVELOPMENT AGENCY AND THE GILT COMPLEX, FOR A MURAL MATCHING GRANT IN THE AMOUNT OF $2,000 TO INSTALL MURAL ON THE EXTERIOR NORTH WALL OF THE GILT COMPLEX BUILDING; PROVIDING AN EFFECTIVE DATE; PROVIDING FOR CONDITIONS OF APPROVAL; AND FOR OTHER PURPOSES.   

 

Summary Explanation/Background Information on Agenda Request:

The Mural Matching Grant Program was approved by Resolution No. 09-2018 on September 24, 2018 to encourage and promote mural artwork on private and public properties within the Community Redevelopment Area.

 

Staff allocates $20,000 in the CRA annual budget for the Mural Matching Grant Program.  The program provides a reimbursement grant of up to $2,000 of public funds per property to match private funds to pay for the mural on private property.  The grant shall be available for private properties which may qualify for a reimbursement of 50% of the applicant's total project costs, not to exceed $2,000.

 

The applicant is requesting a matching grant in the amount of $2,000 for the proposed mural on The Gilt Complex building located at 608 S Colorado Avenue.  The total cost for the mural is estimated at $4,940.  The applicant is requesting reimbursement of 50% of the total costs of the project, not to exceed $2,000.

 

The attached grant agreement is between the CRA and the business owner for the reimbursement of the maximum grant award in the amount of $2,000.

 

Community Redevelopment Board

 

On November 6, 2019, the Community Redevelopment Board recommended approval of the proposed mural and mural matching grant in the amount of $2,000 to the applicant.

 

 


Funding Source:
Mural Matching Grant Award in the amount of $2,000.
Recommended Action:

Recommend approval of Resolution No. 12-2019 to award grant in the amount of $2,000 for the mural at The Gilt Complex building.

 

ATTACHMENTS:
DescriptionUpload DateType
Resolution No. 12-2019 10/28/2019Resolution add to Y drive
Grant Agreement10/28/2019Resolution add to Y drive
Attachment 110/28/2019Resolution add to Y drive