6.b.
TCEDC Agenda
- Meeting Date:
- 10/04/2023
- Title:
- ratifying an agreement between the TCEDC and The Gilded Gecko for exterior paint.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Approval of Resolution 2023-23, ratifying an agreement between the Texas City Economic Development Corporation and George and Sherry O’Conner (The Gilded Gecko) for the purpose of providing exterior paint.
BACKGROUND
The EDC has historically provided incentives to businesses located on 6th Street to actively promote the redevelopment of 6th Street and encourage visitation to the area. Specifically, the TCEDC offers assistance with the purchasing of paint for businesses located on 6th Street, wherein the TCEDC will pay for 100 percent of the total cost of the paint from a pre-determined color palette. Funds are available to support the incentive program in the EDC budget under Business Incentives (801-050-53111).
Mr. and Mrs. O’Conner have chosen a color for the exterior portion of 413 6th Street, and staff met with the O’Conner's as well as a representative from Sherwin Williams to determine the amount of paint needed. A total cost estimate is forthcoming, but previous paint incentives have amounted to approximately $150-$200. To meet the timeline necessary to allow the business to open on schedule, Mr. and Mrs. O’Conner signed the paint incentive agreement in September.
Staff recommends ratification of the paint incentive agreement between the EDC and The Gilded Gecko.
Mr. and Mrs. O’Conner have chosen a color for the exterior portion of 413 6th Street, and staff met with the O’Conner's as well as a representative from Sherwin Williams to determine the amount of paint needed. A total cost estimate is forthcoming, but previous paint incentives have amounted to approximately $150-$200. To meet the timeline necessary to allow the business to open on schedule, Mr. and Mrs. O’Conner signed the paint incentive agreement in September.
Staff recommends ratification of the paint incentive agreement between the EDC and The Gilded Gecko.
ANALYSIS
Approve Resolution 2023-23, ratifying an agreement between the Texas City Economic Development Corporation and George and Sherry O’Conner (The Gilded Gecko) for the purpose of providing exterior paint.