7.b.
TCEDC Agenda
- Meeting Date:
- 04/06/2023
- Title:
- agreement W/ TCEDC and Georgia Barzilay (Karat Creations Jewelry) for the purpose of improving existing awnings.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Approval of Resolution No. 2023-07 authorizing an agreement between the Texas City Economic Development Corporation and Georgia Barzilay (Karat Creations Jewelry) for the purpose of improving existing awnings.
BACKGROUND
The TCEDC offers assistance with the purchasing of awnings for businesses located on 6th Street, wherein the TCEDC will pay for 40 percent of the total cost of the agreed-upon design. Approximately nine years ago, Mrs. Barzilay utilized the program and installed a set of awnings at Karat Creations Jewelry, 811 6th Street. The original awning agreement required the owner to keep and maintain the awnings for a minimum five-year period.
As Mrs. Barzilay has met her obligations under the original agreement, staff is proposing to enter into a new awning agreement wherein the TCEDC would pay for 40 percent of the total cost of improving the existing awnings.
The City has received three bids for the project, with the lowest bid coming from Flite Signs, LLC in the amount of $12,900. Should the TCEDC agree to cover 40 percent of this cost, Mrs. Barzilay would pay the full amount and receive reimbursement totaling $5,160 from the TCEDC.
As Mrs. Barzilay has met her obligations under the original agreement, staff is proposing to enter into a new awning agreement wherein the TCEDC would pay for 40 percent of the total cost of improving the existing awnings.
The City has received three bids for the project, with the lowest bid coming from Flite Signs, LLC in the amount of $12,900. Should the TCEDC agree to cover 40 percent of this cost, Mrs. Barzilay would pay the full amount and receive reimbursement totaling $5,160 from the TCEDC.
ANALYSIS
Staff recommends approval of Resolution 2023-07, an agreement between the Texas City Economic Development Corporation and Georgia Barzilay (Karat Creations Jewelry) for the purpose of improving existing awnings.