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7.b.
FPRA Regular Meeting - 4:30 p.m.
Meeting Date:
04/12/2022
Re
Approve CRA Advisory Committee Interior Uplift Grant Award Recommendations
Submitted For:
Shyanne Harnage

SUBJECT:

PULLED AT STAFF'S REQUEST.  Approve CRA Advisory Committee Interior Uplift Grant Award Recommendations

SUMMARY:

The Fort Pierce Redevelopment Agency (FPRA) Commercial Building Interior Uplift Grant is an incentive program available to businesses throughout the FPRA District. The program provides matching funds to commercial property owners and businesses for interior upgrades with a focus on projects that remedy degraded building systems and extend the economic viability of the building. The goal of the program is to eliminate functional obsolescence, remove deterioration, and improve the “energy efficiency” of existing buildings in the FPRA District, with an emphasis on bringing these buildings up to current building codes and making them more viable for occupancy.
The Interior Uplift Grant Program offers financial assistance in the form of a reimbursable, matching (50%) grant up to $10,000 to the property or business owner for eligible expenses associated with interior upgrades. '

The CRA Advisory Committee recommends approval to the FPRA Board for the highest ranked Interior uplift Grant applications. The maximum possible points was 200. 
118 N. 9th Street - Scored 193
616 Atlantic Ave - Scored 191
710 Orange Ave - Scored 181
211 Orange Ave - Scored 180
100 S 2nd St (113/115) - Scored 176



 

RECOMMENDATION:

Award Interior Uplift Grants to the highest ranked applicants. 

ALTERNATIVES:

Staff will proceed as directed by the FPRA Board. 

RESPONSIBLE STAFF:

Miriam Garcia, Redevelopment Specialist

COORDINATED WITH:

Shyanne Harnage, Economic Development Manager

Fiscal Impact

Budgeted Y/N:
Y
Fiscal Year:
2022
Account:
104-9400-554-4020
Amount:
50,000

OTHER INFORMATION:

FPRA approved funding for $100,000 for Commercial Facade Grants June 2021.

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