Adopt Resolution #18-139 Approving Restaurant Subsidy Application for Awning Replacement: Kitchen Table

PURPOSE
Review Kitchen Table's Restaurant Subsidy: Sign and Awning Program Application.

Kitchen Table has signed a lease with PSD, LLC for the former restaurant space at 7533 Sunwood Dr NW (Ramsey Office Plaza).

The previous case on this agenda provides consideration to establishing this new program in which this Application is being submitted. Approval of this request would be contingent upon adoption of this policy.

Recruitment of restaurants is a recognized priority for the community. This appears to be a relatively low-cost option for the city to provide a benefit to assist a new restaurant venture.

Funding would come from the EDA Account. The Applicant is requesting $1,500 from the City. This is the maximum allowable amount proposed under the program guidelines.  The total estimated cost of the project is approximately $6,000 (original quote was $2,500 as presented to the EDA).  The restaurant owner would be responsible for the balance.

Motion to adopt Resolution #18-139 approving the sign and awning assistance request from Kitchen Table, subject to the applicant meeting all program requirements outlined in the approved city policy.