Print
Reading Mode
Return
AI# 11060
Regular City Council Meeting
5.4.
10/25/2022:
Information
Agenda Item
Resolution - Business Development:
Consider a resolution authorizing an East-Side Grant Program (Facade) expenditure of Market Lubbock, Inc., to be provided to Aunt Whinchie's Place, pursuant to Article IV, Section 5, of the Amended and Restated Bylaws of Market Lubbock Development Corporation.
Item Summary
In November of 2018, the City Council authorized the establishment of the Lubbock East Neighborhood Empowerment Zone for the purpose of encouraging redevelopment and revitalization within the City of Lubbock, through the promotion of economic development within the Zone. Through the establishment of the Lubbock East Neighborhood Empowerment Zone, Market Lubbock, Inc. had a geographic boundary within which it would implement its East Side Grant Program.
Aunt Whinchie's Place is making improvements to their property at 1710 E. 4th Street, located within the East Lubbock Neighborhood Empowerment Zone, as designated by the City of Lubbock. The scope of the project includes a new fence and new signage. The cost of the project is estimated to be $3,738, and the requested grant amount is $1,869. The Market Lubbock, Inc. Board of Directors approved this amount at their September 28, 2022 Board Meeting, and recommend approval by the City Council.
Fiscal Impact
The total cost of the project is estimated to be $3,738, with $1,869 to be paid upon completion with the requested grant.
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Market Lubbock, Inc. Board of Directors
Attachments
Resolution
Market Lubbock Resolution
Market Lubbock Support Documentation
AgendaQuick ©2005 - 2024 Destiny Software Inc.
All Rights Reserved.