Adopt Resolution #22-162 Approving Grant from Sign and Awning Program: Miss Iz Ice Cream LLC

PURPOSE
Consider approval of $1,500 grant from Sign and Awning Program for Miss Iz Ice Cream LLC.

The City of Ramsey City Council adopted the Restaurant Subsidy: Sign and Awning Program on July 24, 2018 per Resolution #18-158.  This program along with the SAC and WAC deferral loan program was part of an initiative to encourage more investment in new restaurants in the City of Ramsey. To date, only the Kitchen Table and Alison's Petite Pastries have been granted funds from the Sign and Awning Program.

Staff has been working with Miss Iz Ice Cream this year to open up a new shop at 14050 St Francis Blvd NW, Suite B2 (Former Papa Murphy's location).  The business will operate as a 50's theme ice cream / soda shop with counter service period decor and seating

Staff has received a complete application and is looking for the City Council to consider  this grant request for $1,500 from the Sign and Awning Program.

N/A

Miss Iz Ice Cream has signed a five-year lease in Ramsey Town Square at 10450 St. Francis Boulevard NW Suite B2.  Staff is viewing this new ice cream business as a new restaurant due to the onsite seating options and proposed operation of its business. This business is unique as well and brings a new restaurant type to the community. The applicant has received two bids for the onsite signage.   On July 16, 2022, the EDA determined that this business is eligible for the Restaurant Sign and Awning Program and supports the grant request of $1,500.

Alternatives Include:
1) Adopt Resolution #22-162 Approving Grant from Sign and Awning Program: Miss Iz Ice Cream LLC (as presented)
2) Adopt Resolution #22-162 Approving Grant from Sign and Awning Program: Miss Iz Ice Cream LLC (with changes) 
3) Something else.

Funding would come from the EDA 9230.6246 (marketing). The Applicant is requesting a $1,500 grant from the City Sign and Awning Program. This is the maximum allowable amount proposed under the program guidelines.  The total estimated cost of the project is approximately $8,000.  Miss Iz Ice Cream would be responsible for the balance.  

Motion to Adopt Resolution #22-162 Approving Grant from Sign and Awning Program: Miss Iz Ice Cream LLC (as presented)