Angela Armstrong, project manager for the Main Street and South Atlantic CRA, provided a five-year grant expenditure report and described the CRA's grant programs and eligibility during the meeting. Armstrong said the CRA contributed $682,000 to the Main Street Coquina Arch project and that Parks and Recreation and the mayor scheduled a ribbon-cutting ceremony for Oct. 3 at 9 a.m.

Armstrong outlined the primary grant programs available through the CRA:

- Commercial grant: a 0% interest loan program forgivable after two years; CRA covers 80% and the applicant 20% up to $50,000.
- Small project grants: reimbursement-based grants for existing businesses (up to $15,000) and new businesses (up to $20,000); reimburses 50% up to maximums.
- Landscape grant: reimbursement up to $15,000 payable across three consecutive years; eligible expenses may include irrigation and pavers.
- Lease subsidy grant: $1,500 per month for up to three months for business rent assistance.
- Residential façade grant: up to $5,000 for exterior façade improvements.
- Historic preservation grant: up to $75,000 for businesses and up to $15,000 for residential properties in the local historic district; Armstrong noted local historic designation is limited on the beach side and that South B Street and a portion of South Peninsula are covered locally.

Armstrong said the CRA budgets grant funds annually; unused grant allocations do not automatically roll to the next year's grant budget but remain in the CRA project account and are re-budgeted as part of the annual process. "No. We budget every year for grants," Armstrong said when asked whether unused grant funds roll automatically into the next year's grant line.

Armstrong also noted outreach plans to encourage business and residential uptake of grants and provided board members a five-year grant expenditure report for reference.

Discussion vs. decisions: The board received the report and staff scheduled public celebration details; no grant program changes or new funding authorizations were adopted during the meeting.

Ending: Staff asked board members to attend the ribbon-cutting and said they will continue outreach to increase program participation.