Title of Item:
MURAL MATCHING GRANT AGREEMENT BETWEEN THE CRA AND THE DEHON BUILDING INVESTORS, LLC.
RESOLUTION NUMBER 11-2020 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 DEHON BUILDING INVESTORS, LLC., FOR A MURAL MATCHING GRANT IN THE AMOUNT OF $3,000 TO INSTALL MURAL ON THE EXTERIOR EASTERN WALL OF THE DEHON 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 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 of up to $3,000 of public funds per property to match private funds to pay for the mural on private property. The grant shall be available to private properties which may qualify for a reimbursement of 50% of the applicant's total project costs, not to exceed $3,000.
The applicant is requesting a matching grant in the amount of $3,000 for the proposed mural on the Dehon building located at 11 SE Osceola Street. The total cost for the mural is estimated at $8,000. The applicant is requesting reimbursement of 50% of the total costs of the project, not to exceed $3,000.
The attached grant agreement is between the CRA and the property owner for the reimbursement of the maximum grant award in the amount of $3,000.
Funding Source:
Mural Matching Grant Award in the amount of $3,000.
Recommended Action:
Recommend to the Community Redevelopment Agency to approve Resolution No. 11-2020 to award grant in the amount of $3,000 for the mural at the Dehon Building. | | |